This book will help senior risk managers identify, formulate, assess, and communicate value propositions to their stakeholders. Contributors are risk management researchers and risk management practitioners from leading financial institutions. The book offers a clean, readable layout with checklists and b&w tables and diagrams. After an introduction to risk management, risks in client relationships are considered, with material on client life cycle management, and integrity management after the credit crunch. A section on fundamentals covers basics of credit risk management, probability distribution, and diversified hedge fund portfolios. The third section of the book looks at issues related to risk and running the business, such as operational risk management as a shared business process, and controlling operational risk in workflow management. The book lacks a subject index. Grinsven is a consultant to financial institutions. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)
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