Risk Management and Capital Adequacy

Attention is given to different measurement approaches of market, credit and operational risks as well as the key assumptions and conditions for an integrated approach as required in the coming Basel Accord. More specifically, it provides a framework for the design, operation, viewing the policies, methodologies, data collection and infrastructure use to support risk management. I very much enjoyed reading this book. It covers with great competence all the aspects of risk management. The emphasis placed on risk control and the building blocks for a successful integration of all three risk types is highlighted in the light of recent events.

I recommend this book to all academics and professionals and also encourage its use in graduate course in risk management bank management.