"Risk management is paramount with the dangers inherent in the financial system, and a deep understanding is essential for anyone working in the finance industry; today, risk management is part of everyone's job. For complete information and comprehensive coverage of the latest industry issues and practices, Risk Management and Financial Institutions is an informative, authoritative guide. Much has happened in financial markets since the last edition. For example, the regulation of financial institutions has evolved, equity ...
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"Risk management is paramount with the dangers inherent in the financial system, and a deep understanding is essential for anyone working in the finance industry; today, risk management is part of everyone's job. For complete information and comprehensive coverage of the latest industry issues and practices, Risk Management and Financial Institutions is an informative, authoritative guide. Much has happened in financial markets since the last edition. For example, the regulation of financial institutions has evolved, equity markets suffered a very sharp decline in March 2020 and then recovered, plans have been finalized for phasing out LIBOR, several large dealers lost huge amounts when Archegos went under, and Reddit has become a hub for stock trading. Cyber risk, climate risk, and ESG have become increasingly important. Machine learning is making a key contribution to risk management. It is becoming apparent that decentralized finance (referred to as DeFi) will have a big effect on our financial system"--
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