Risk Management in Finance

Financial crisis is not uncommon. But the recent crisis that struck the developed countries was calamitous and earth shaking. Many countries even after five years of toil and pouring millions of dollars are still struggling to restore normalcy. What is the cause for chaos? Simple and straightforward answer is poor risk management. Commercial banks, insurance companies, and investment banks are familiar with risk management process and in the last three decades it has assumed greater importance and become more sophisticated. Despite however the crisis could not be prevented. The booklet is only a primer meant to teach the basics in an unambiguous way. It is absolutely necessary to read more on the subject to acquire expertise. This book is especially written for students, finance majors, and those entering the field of finance. This book will also serve as a handy ready reference for senior professionals and top executives.