ফিনান্সিয়াল রিস্ক ম্যানেজমেন্ট (Hardcover)

Preface
Risk is an integral part of business. It is interwoven in the very fabric of life itself and is required to ensure growth. It is imperative therefore that organisations'learn to recognise and manage risk. The three key aspects of risk management are risk identification, risk quantification and risk control. These have to be part of the risk management system within an overall risk management policy of the organisation.
This book deals with risk management in business, particularly in banks and financial institutions.
Financial Risk Management has been written in an easy-to-read form. Each chapter contains review questions for the reader to test his/her understanding of the subject. The book also includes an appendix of some useful concepts like time value of money, fundamentals of probability and statistics, basics of derivatives, etc. which are essential to appreciating the nuances of risk management.
The following is a brief summary of the various chapters.
Chapter 1 on understanding risk provides an overview of the concept of risk. It details the various sources of risk and explains the need for risk management. It also highlights the benefits that accrues to an organisation with a good risk management framework. The chapter also discusses various approaches to risk management.
Chapter 2 introduces the reader to the different types of risk like credit risk, market risk, operational risk, etc. and discusses them in detail.
Chapter 3 underscores the need for risk measurement. The various methods which are available for measuring credit risk, market