Research Foundation Books 01 Jul 2011 Volume 2011 Issue 3
A Practical Guide to Risk Management
A Practical Guide to Risk ManagementView the full book (PDF)
Managing risk is at the core of managing any financial organization. Risk measurement and quantitative tools are critical aids for supporting risk management, but quantitative tools alone are no substitute for judgment, wisdom, and knowledge. Managers within a financial organization must be, before anything else, risk managers in the true sense of managing the risks that the firm faces.