The Professional's Handbook of Financial Risk Management is a major reference work in finance. A complete practical
reference book covering all aspects of financial risk management including an in-depth look at operational risk
management, regulation, risk-based capital, and risk adjusted performance measurement. The book focuses on practical
financial risk management techniques and solutions, and is designed to guide the risk professional step-by-step
through the implementation of a firm-wide risk management framework.
This book covers the various roles of the risk management function. Rather than describing every possible role
in exhaustive detail, the authors have provided a story line for each of the discussed topics, including practical
issues that a risk manager needs to consider when tackling the subject, possible solutions to difficulties that
might be encountered, background knowledge that is essential to know, and more intricate practices and techniques
that are being used.
By providing these fundamentals, the novice risk professional can gain a thorough understanding of the topic in
question while the more experienced professional can use some of the more advanced concepts within the book. Thus
the book can be used to broaden your own knowledge of the risk world, both by familiarizing yourself with areas
in which you lack experience and by enhancing your knowledge in areas that you already have expertise.
All authors are leaders in their field who between them have the expertise and knowledge, both practical and theoretical,
to produce this definitive risk management guide.
The editors of this book, Marc Lore and Lev Borodovsky, are senior financial risk managers at Sanwa Bank (International)
London, and Credit Suisse First Boston, USA respectively. They also run The Global Association of Risk Professionals
(GARP), the industry association for financial risk management practitioners and researchers.