Risk Management and Financial Institutions

by John C. Hull

Hull’s Risk Management and Financial Institutions, 2/e explains risk management theory in a ";this is how you do it"; manner, encouraging practical application in today’s world. Thoroughly updated, the Second Edition incorporates new information regarding Stress Testing, liquidity risks, ABS’s, CDO’s, and the credit crunch of 2007.KEY Introduction; Banks; Insurance; Mutual Funds and Hedge Funds; Financial Instruments; How Traders Manage Their Exposures; Interest Rate Risk; Value at Risk; Volatility; Correlation and Copulas; Regulation, Basel II, and Solvency II; Market Risk Historical Simulation Approach; Market Risk Model-Building Approach; Credit Estimating Default Probabilities; Credit Risk Losses and Credit VaR; ABSs, CDOs, and the Credit Crunch of 2007; Scenario Analysis and Stress Testing; Operational Risk; Liquidity Risk; Model Risk; Economic Capital and RAROC; Risk Management Mistakes to avoid; Com

Genres: Finance, Business, Textbooks, Nonfiction, Economics

556 pages, Hardcover

First published January 29, 2013

About the author

John C. Hull is a Professor of Derivatives and Risk Management at the Rotman School of Management at the University of Toronto.
He is both a very well respected researcher in the academic field of quantitative finance (see for example the Hull-White model), and also the author of (among other works) two books on financial derivatives that have become market practitioners' standard texts: "Options, Futures, and Other Derivatives" and "Fundamentals of Futures and Options Markets".
In 1999, he was awarded the Financial Engineer of the Year Award, by the International Association of Financial Engineers.

Reviews

[Dl]

6 years ago i took financial risk management masters class in RSM and this book was the main textbook for the course.
even at the time, having no business experience, i was surprised to realize how superficial the quantitative models are and how little effort is made to link risks to underlying financial and business economics drivers

[Swapnil · Rating 4 out of 5]

This is my first book into risk management and it provided a good primer. I believe it is well written and meant to ease into complicated stuffs.
I particularly like business snapshots giving example of concepts explained.

[Bharat · Rating 4 out of 5]

High level treatment of the topics covered and not at sufficient depth. Good introductory textbook for most topics in the space for a practitioner. Not handy for anyone interested in the math or theory.

[Bookreadingnarcissist · Rating 4 out of 5]

Solid textbook but tremendously dry at times.

[Kelevilin Kimathi · Rating 5 out of 5]

Risk management

This is most comprehensive and relevant book on market for an enterprise risk management..I have read the various editions and this one has been updated with ESG ,model risk machine learning ,regulation and other emerging technologies and risks..

[Jap Singh · Rating 3 out of 5]

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[Ali · Rating 4 out of 5]

Somehow brief in chapters when the reader needs more detailed instructions
Highly practical and avoiding unnecessary theoretical stuff

[A · Rating 4 out of 5]

pragmatic with examples