Risk Management : Challenge and Opportunity (2nd revised and enlarged ed. 2005)

Dealing with all aspects of risk management that have undergone significant innovation in recent years, this book aims at being a reference work in its field.

Different to other books on the topic, it addresses the challenges and opportunities facing the different risk management types in banks, insurance companies, and the corporate sector.

Due to the rising volatility in the financial markets as well as political and operational risks affecting the business sector in general, capital adequacy rules are equally important for non-financial companies.

For the banking sector, the book emphasizes the modifications implied by the Basel II proposal.

The volume has been written for academics as well as practitioners, in particular finance specialists.

It is unique in bringing together such a wide array of experts and correspondingly offers a complete coverage of recent developments in risk management.