Risk Management

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Risk Management
by Michel Crouhy, Robert Mark, Dan Galai
from McGraw-Hill

Customer Reviews:

• Avg. Customer Rating: 4.0 / 5.0

• Covers a lot; hard to read
  I work in the area of Risk Management for over 8 years and I find this book still covers a lot of what someone in the area needs to know. I think it is rather a reference book, better written than the Bessis book on RM in banking and covering more things on Credit Risk, but still ... it is not a book one can read from start to end. It is good to keep on the shelf and read a chapter on a specific topic when necessary.

• Comprehensive and excellent
  This book is the most comprehensive treatment I've seen of financial risk management, particularly from a banking perspective. It covers both the regulatory and practitioner perspectives of modern risk management -- it's a veritable encyclopedia.

  It's drawn from the wealth of experience of the authors, who are well known in both the academic world and on Wall St.

  I guess what I like most about the book is the inside look it provides at the various aspects of financial risks -- no other book does it... more info

• Important stuff but hard slogging
  This is an encyclopedia, and reading such things is not what most people, even when deeply interested in the subject are likely to do. It does provide a fair reference for specific topics, but this is not a subject one can really pick and choose.

  VAR is the ususal starting point, and its famous authors (one of whom I hired for his skill in these matters) cover most of the bases in an interesting way.

• Good book on risk management, February 4, 2002
  I bought this book because some readers highly recommended it. I'm a financial derivatives strategist and risk management consultant. When a reviewed the book I disappointed in five main particular points: 1) The chapter on VaR is unsatisfactory and insufficient. The authors discuss this subject in a general approach. From my view point I have a preference for Jorion's Value At Risk. 2) There is no discussion about GARCH models, which decrease the importance of this book. I recognise "Risk Management" is a... more info

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