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The Risk Management Process
Book

The Risk Management Process

Business Strategy and Tactics

Wiley, 2001 Mehr

automatisch generiertes Audio
automatisch generiertes Audio

Editorial Rating

8

Qualities

  • Applicable

Recommendation

Christopher Culp definitively combines a thorough reference work on company-wide risk management with a sweeping discussion of the best hedging practices. Since this is also a textbook, you’ll find the kind of math that would make even Einstein sweat. But, as the author notes, he’s written this book for senior managers, so you have a note from the teacher that you can skip the math and statistics if you have a staff for that. Instead, apply your executive thinking skills to absorbing Culp’s excellent lessons in risk management theory and practice. getAbstract.com recommends this book to senior managers and directors - in other words, any executives who create, implement or supervise risk management strategies.

Take-Aways

  • Today, senior risk professionals manage risk on a company-wide basis.
  • Risk professionals manage an integrated plan that covers market, credit and operational risk.
  • Risk management is part of sound general management.

About the Author

Christopher L. Culp is Managing Director at CP Risk Management LLC in Chicago and is an Adjunct Associate Professor of Finance at the University of Chicago. A former President of Risk Management Counseling Services, Inc., and senior examiner in the Supervision and Regulation Department of the Federal Reserve Bank of Chicago, Dr. Culp is a managing editor of Derivatives Quarterl and Senior Fellow in Financial Regulation with the Competitive Enterprise Institute in Washington, D.C. He holds a Ph.D. in finance from the Graduate School of Business of the University of Chicago and a B.A. in economics from Johns Hopkins University.


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