Timely and dense, this comprehensive treatment of risk assessment and management maps the minefield of business and financial risks. Although professional-level information on banking and financial risk management cannot avoid a certain intensely mathematical character, this volume also pays careful attention to the "softer" side, and stresses the importance of cultural and attitudinal factors. It is a very well-balanced presentation of the subject. However, this very valuable information is written in a turgid, repetitive, convoluted and confusing style that makes it a chore to read. This risk could have been managed by a ruthless editor able to cut half of the undergrowth to clear a path to the meaning. getAbstract.com’s advice to bankers and risk managers: brew some strong coffee and slog through the text. The content is too important to ignore.
In this summary, you will learn
- how to analyze, assess and manage a wide range of operational risks.
About the Author
An independent, risk-management consultant and a former Managing Director at Bankers Trust, Douglas G. Hoffman led teams that pioneered risk-based capital models, databases, and operational risk finance and insurance programs. His firm, Operational Risk Advisors, assists financial institutions and corporate clients in assessing, analyzing and responding to operational risk.