Risk Management in Banking

“For bank managers, risk managers, and students of financial risk management in banking, this indispensable guide provides a comprehensive coverage of all related topics, from balance sheet management to market and credit models. The text groups all that they need to know to understand the techniques, the practices and the main models, to navigate by themselves in the ever-evolving and highly technical literature on risks, and towards further specialisations as needed. There is so much one can talk about, that many authors have a narrow and specialized approach, which does not help readers to appreciate the full scope of the field. On the other hand, this book stays focused on risk management while addressing all angles of the field. The book is an extremely valuable contribution to the knowledge of risk management.”

“This comprehensive volume is ideal for finance professionals who aspire to deepen their knowledge of risk management in the banking sector. In an ever ever-changing environment of financial services, this entirely revised edition provides the keys to the sophistication and the technicalities of risk management techniques and models. With a combination of intellectual rigor and pragmatic application, the text integrates concisely a wide body of work, avoiding the narrower approaches of specialists. Overall, Joël Bessis offers a balanced, extensive yet relevant coverage of the far-reaching expertise needed to control and supervise risks in financial institutions.”

“Understanding how banking firms operate and how risk models are designed and implemented has now become central in modern finance. This book provides a concise overview of these topics and combines analytical rigor with relevance and practices inspired by the academic and professional experiences of the author. A must-read for all students and practitioners who need to have a practical knowledge of how risk management is conducted and will evolve in banking.”

“The author’s balanced profile, combining academic background with the experience of professional life, shows up in the ‘how to’ approach for implementing models, techniques and processes, accessible to non-specialists, in the real world. A truly fantastic book and an enduring and worthy part of the financial markets literature.”

“In a context where banking firms face new challenges of risk management and risk regulations, which have a direct influence of how banks develop, it is more important than ever that all professionals, bank managers and risk managers alike, have a comprehensive view of the diversity of risk management contributions, from asset-liability management to banks systems and risk models. This concise and applied coverage of risk management in banks will enable professionals to effectively to master the technicalities of the field and form educated judgments on what risk managers and risk engineers do, which impacts their own roles.”

Risk Management in Banking

Fourth Edition

Joël Bessis

This edition first published 2015

© 2015 Joël Bessis

Second edition published 2007, third edition published 2011 by John Wiley & Sons, Ltd

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