Author Description

The management of risk is an integral part of good corporate governance in order to successfully achieve goals. Risk management refers to the practice of identifying potential risks in advance, analyzing them, and taking precautionary steps to mitigate/eliminate them. Risk management ensures that an organization identifies and understands the risks to which it is exposed. It also guarantees that an organization creates and implements an effective plan to prevent losses or reduce the impact if a loss occurs. This book explains and examines various aspects of risk management practices and strategies in areas concerning banking, foreign exchange, insurance, and credit derivatives. [Subject: Business, Economics, Corporate Finance, Banking]