Description: The risk management implementation guide for the real world! Detailed case studies illustrate how real-life firms have implemented risk management. Market, credit, and operational risk: real-world challenges, best-practice solutions Next-generation risk management: visions for the future. In a world where billions can be traded in minutes, risk management is vital to profit -- and to succeed in the coming years, every trader will need far better risk management information. This book is a complete, hands-on guide to implementing solutions, software, and architectures that deliver the breakthrough risk management information that will make or break tomorrow's financial organizations. Deborah Williams begins by reviewing the evolution of trading rooms over the past decade, and the rapidly growing role of risk management in trading. She introduces today's most advanced risk technologies; shows how they can be applied to market, credit, and operational risk; and walks through constructing a complete risk infrastructure. The book includes detailed case studies, including a European bank, a Wall Street investment firm, a US commercial bank, and a European bank; identifies key lessons learned by early adopters; and previews breakthroughs in risk management that are only now appearing on the horizon. For every risk manager, trader, and corporate financial professional concerned with implementing risk management effectively. Deborah Williams is Research Director at Meridien Research, a leading researcher and analyst in the risk management industry. She is also an advisor to financial institutions in North America, Europe, Asia and the Middle East. She regularly contributes to publications such as Bank Management Magazine, Financial Accounting, and Risk Magazine, covering topics such as credit risk, asset liability management systems, profitability systems, payment systems, and trading room applications.

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