Summary |
FRM deals with risk management in businesses, particularly in banks and financial institutions. It discusses the concepts of risk, its various sources and the need for risk management. Various types of risk like credit risk, market risk, operational risk, etc are treated in details. The book also raises awareness on the regulatory framework, best practices, legal issues, accountings issues, and tax issues relevant to risk management and discusses in details the three pillars of Basel II. To relate the concepts and practices of risk management, case studies have been included from certain organizations which failed due to inadequate risk management.
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