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Description - The Simple Rules of Risk by Erik Banks

In an age where companies and financial institutions are keenly focused on managing the financial risk of their operations, the implementation of quantitative methods and models has been of tremendous help. Tools such as VaR, credit VaR, risk adjusted returns, and scenario analyses have given institutions the means to quantify and understand their risk profiles. However, the focus on quantitative risk management, while important, can sometimes be over emphasized at the expense of logic and experience. At its core, the successful management of risk is still largely an "art." The "Simple Rules of Risk" takes a fresh look at the qualitative aspects of risk management. It also considers how qualitative approaches can make optimal use of the mathematical aspects of risk management to create the most effective framework possible.

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Book Details

ISBN: 9780470847749
ISBN-10: 0470847743
Format: Hardback
(249mm x 176mm x 15mm)
Pages: 156
Imprint: John Wiley & Sons Ltd
Publisher: John Wiley and Sons Ltd
Publish Date: 15-Oct-2002
Country of Publication: United Kingdom

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Author Biography - Erik Banks

ERIK BANKS has held senior risk management positions in several global financial institutions. In 2001, Erik joined XL Capital's weather/energy risk management subsidiary, Element Re, as Partner and Chief Risk Officer. Prior to that he spent 13 years at Merrill Lynch, where he was Managing Director of Corporate Risk Management, responsible for the firm's risk infrastructure; before that he spent 8 years abroad, managing Merrill's credit and market risk teams in London, Hong Kong and Tokyo. Prior to joining Merrill Lynch in 1988 he was credit officer at Citibank and Manufacturers Hanover in New York. Erik is author of seven other books on risk, emerging markets, derivatives, merchant banking and electronic finance; he is also editor and co author of a book on weather risk management, and is working on various new financial texts.

Books By Erik Banks

Finance: The Basics by Erik Banks
Hardback, August 2015
Risk Culture by Erik Banks
Hardback, September 2012
See No Evil by Erik Banks
Hardback, November 2010
Dark Pools by Erik Banks
Hardback, April 2010