Risk Management and Financial Institutions - (Wiley Finance) 6th Edition by John C Hull (Hardcover)

About the Book

"Risk management is paramount with the dangers inherent in the financial system, and a deep understanding is essential for anyone working in the finance industry; today, risk management is part of everyone's job. For complete information and comprehensive coverage of the latest industry issues and practices, Risk Management and Financial Institutions is an informative, authoritative guide. Much has happened in financial markets since the last edition. For example, the regulation of financial institutions has evolved, equity markets suffered a very sharp decline in March 2020 and then recovered, plans have been finalized for phasing out LIBOR, several large dealers lost huge amounts when Archegos went under, and Reddit has become a hub for stock trading. Cyber risk, climate risk, and ESG have become increasingly important. Machine learning is making a key contribution to risk management. It is becoming apparent that decentralized finance (referred to as DeFi) will have a big effect on our financial system"--

Book Synopsis

RISK MANAGEMENT AND FINANCIAL INSTITUTIONS

THE GOLD STANDARD IN FINANCIAL RISK MANAGEMENT TEXTBOOKS

In the newly revised sixth edition of Risk Management and Financial Institutions, celebrated risk and derivatives expert John C. Hull delivers an incisive and comprehensive discussion of financial risk and financial institution regulation. In the book, you'll learn to understand the financial markets, the risks they pose to various kinds of financial institutions, and how those risks are affected by common regulatory structures.

This book blends discussion of best practices in risk management with holistic treatments of how financial institutions are regulated. It explores market, credit, liquidity, model, climate, cyber, and operational risk.

This latest edition also offers:

• Updated ancillary and digital materials covering all the latest content, including software, practice questions, and teaching supplements
• Access to an updated website that reflects the new content
• Fulsome coverage of the most important financial market developments since the publication of the fifth edition, including regulatory changes, the growing importance of climate risk, the use of machine learning models, and the disappearance of LIBOR

A must-have resource for undergraduate and graduate students of business and finance, Risk Management and Financial Institutions, Sixth Edition, cements this celebrated text as the gold standard in risk management resources.

From the Back Cover

THE GOLD STANDARD IN FINANCIAL RISK MANAGEMENT TEXTBOOKS

In the newly revised sixth edition of Risk Management and Financial Institutions, celebrated risk and derivatives expert John C. Hull delivers an incisive and comprehensive discussion of financial risk and financial institution regulation. In the book, you'll learn to understand the financial markets, the risks they pose to various kinds of financial institutions, and how those risks are affected by common regulatory structures.

This book blends discussion of best practices in risk management with holistic treatments of how financial institutions are regulated. It explores market, credit, liquidity, model, climate, cyber, and operational risk.

This latest edition also offers:

• Updated ancillary and digital materials covering all the latest content, including software, practice questions, and teaching supplements
• Access to an updated website that reflects the new content
• Fulsome coverage of the most important financial market developments since the publication of the fifth edition, including regulatory changes, the growing importance of climate risk, the use of machine learning models, and the disappearance of LIBOR

A must-have resource for undergraduate and graduate students of business and finance, Risk Management and Financial Institutions, Sixth Edition, cements this celebrated text as the gold standard in risk management resources.

About the Author

JOHN C. HULL is the Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management, University of Toronto. He is academic director of Rotman's Financial Innovation Lab (FinHub), senior advisor to the Global Association of Risk Professionals (GARP), and a senior research fellow at the Global Risk Institute in Financial Services. He has been a consultant to many North American, Japanese, and European financial institutions.