For undergraduate or graduate courses with titles such as “Risk Management” and “Financial Risk Management” and courses on Financial Institutions focusing on regulation and risk management. Written by a respected author in the professional market, Risk Management and Financial Institutions , 2/e is the only text that explains risk management theory in a “this is how you do it” manner, encouraging practical application in today’s world. Professors need a text that offers the latest information available, yet is written for application in a real work environment. Hull helps students gain knowledge that will stay with them beyond college. Thoroughly updated, the Second Edition incorporates new information regarding Stress Testing, liquidity risks, ABSs, CDOs, and the credit crunch of 2007.
An Indispensable "Tool of the Trade" for Both Students and Finance Professionals
Risk management is part of everyone's job in today's finance industry. Written by an internationally recognized authority on derivatives and risk management, this new edition of the premier guide to risk management for financial institutions helps you gain a deeper understanding of risk and how it functions in the markets.
Clearly and succinctly, John Hull explains the various forms of risk, how and where they appear in different types of institutions, and how the regulatory environment affects risk management practices.
Fully revised and updated, Risk Management and Financial Institutions, Fifth Edition:
- Describes the activities of different types of financial institutions and how they are regulated
- Covers market risk, credit risk, operational risk, liquidity risk, and model risk
- Includes a new chapter on financial innovation discussing how technological developments such as machine learning and blockchain are reshaping financial services
- Updates material on the regulation of OTC markets, FRTB, operational risk, and model risk
- Provides readers with access to a companion website offering valuable free software, practice questions, and unique learning aids
Risk Management and Financial Institutions, Fifth Edition is still the most complete, up-to-date guide to risk management in finance for finance professionals and students alike.