Product Description
by Brian Hurley (Editor)
Financial risk refers to the possibility of losing money in an investment or in a business venture. This risk can come in a variety of forms including operational risk, credit risk and liquidity risk. Both individuals and organizations can experience these kinds of risks. The practice of assessing and managing potential and current financial risks in order to reduce an organization's exposure to risk is known as financial risk management. It entails recognizing the risk, quantifying it, assessing all viable solutions, formulating a plan and then implementing the steps and financial tools required to mitigate its potential consequences. The primary strategies for financial risk management are risk reduction, risk retention, risk avoidance and risk transfer. This book explores all the important aspects of financial risk management in the present day scenario. It consists of contributions made by international experts. A number of latest researches have been included to keep the readers up-to-date with the global concepts in this area of study.
