Since 2009, European and North American banks have paid out approximately $394 billion in penalties and fines for compliance violations. Many of these losses came as the result of misconduct by banking officials at all levels of the organizations involved.
In Financial Risk Management: From Metrics to Human Conduct, Frantz Maurer delivers an incisive and practical guide to the deployment of an effective risk management approach that addresses both financial risk and the risk of misconduct by the people in your firm.
With a strong focus on the core methods actually used by compliance and risk professionals in the real world, this book explores methods like Value-at-Risk and Expected Shortfall to explain how you can address the most relevant and significant financial risks facing your company today.
Financial Risk Management employs a pragmatic and non-quantitative approach to the subject, allowing you to understand key risk measurement and management strategies without the need for complex mathematics. It also describes methods you can implement immediately to catch the early-warning signals of employee misconduct that could give rise to catastrophic losses and penalties.
Perfect for master's level students in business administration and finance, this book will also benefit risk managers, compliance officers and personnel, and other practitioners operating within financial institutions.
