Author: Michel Crouhy
- Trading books are a form of accounting ledger that contains records of all tradeable financial assets of a bank.
- Trading books are subject to gains and losses that affect the financial institution directly.
The Essentials of Risk Management
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The definitive guide to quantifying risk vs. return–fully updated to reveal the newest, most effective innovations in financial risk management since the 2008 financial crisis
Written for risk professionals and non-risk professionals alike, this easy-to-understand guide helps you meet the increasingly insistent demand to make sophisticated assessments of companies’ risk exposure. It provides the latest methods for:
- Measuring and transferring credit risk
- Increasing risk-management transparency
- Implementing an organization-wide Enterprise risk Management (ERM) approach
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