Risk Management in Finance

Overview: Risk management is more of an art than science. Theoretically risk management consists of rules, regulations and procedures. But successful application of the same calls for imagination, innovation and common sense. It is because risk perception differs from person to person and impact vary from one situation to other, standard formula may not work in all cases. The book deals with rules and regulations. Imagination and innovation in application depends on experience and wisdom. However, as a first step in risk management one should learn the risk management techniques based on sound theory (Rules, Regulations and procedures). The book contains good amount of details on rules and regulations and also cover practical aspects of risk management.