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Practical Risk Management: An Executive Guide to Avoiding Surprises and Losses

Erik Banks, Richard Dunn
Chichester, UK: Wiley, 2003
176pp, ISBN: 978-0-470-84967-5

This book looks at the world of financial risk management and offers practical approaches to managing financial risk based on the authors’ experiences. It explores the challenges of risk management and how these can be overcome by focusing on governance and accountability. The book aims to provide an understanding of the different financial risks, the various measurement tools available, and how to construct a practical risk process that is consistent with corporate strategy.

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Practical Risk Management: An Executive Guide to Avoiding Surprises and Losses (The Wiley Finance Series)

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Price: $111.24

Product Description

A proven way to manage risk in today's business world
Understanding how the risk process works is a critical concept that business professionals must come to learn. For those who must understand the fundamentals of risk management quickly, without getting caught up in jargon, theory, mathematics, and formulas, Practical Risk Management is the perfect read. Written in a clear, fast-paced and easily digestible style, this book explains the practical challenges associated with risk management and how-by focusing on accountability, governance, risk appetite, liquidity, client risks, automated and manual processes, tools and diagnostics-they can be overcome. After finishing this book, readers will have a solid understanding of the risk process, know which issues/questions are of critical importance, and be able to determine how their specific risk problems can be minimized or avoided.
Erik Banks (Redding, CT) is currently Chief Risk Officer for Element Re. Prior to that he spent several years at Merrill Lynch in market/credit risk management roles in London, Tokyo, Hong Kong, and the United States. He is also adjunct Professor of Finance at the University of Connecticut, where he teaches MBA students. Richard Dunn (London, UK) works for Merrill Lynch. He single-handedly restructured Merrill Lynch's risk function post in 1998 into its current form.

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