In this 21st century financial industry, risk management always plays a significant yet critical role. Especially in the post-2008 era of the credit crunch, it has acquired a whole new newfound meaning. An increasing number of financial institutions are now willing to walk that extra mile which can help them understand the risk elements in a comprehensive way.
In the regulatory framework, significant changes have occurred. And in all true blue ways, it has strengthened the overall management potentials. This guide will enlighten you about the best financial management books as of now. To know more, scroll down!
1. The Essentials of Risk Management
This treatise elucidates the overall nature of financial risks that are faced by the businesses. It also sheds lights on how one can effectively handle the risks. The author draws on the lessons learned from the financial crisis of 2018.
The book, thus, demonstrates how the shortcomings of traditional risk management have been exposed during any financial crisis. You’ll also get a fair idea on how the idea of this management underwent the sea change in its aftermath.
2. A Practical Guide to Risk Management
The work dwells at the length on the idea of risk and the method to measure it. The author has created a better understanding of risk measurement as well as its quantitative tools. It’s an excellent piece of work crafted with effective tools for managing the financial organization.
3. Financial Risk Management: A Practitioner’s Guide to Managing Market and Credit Risk
A definite guide on the financial risk measurement, this book has been authored by one of the top risk measurement experts. The book has detailed each aspect of quantifying, isolating, as well as managing risks. It covers some basic questions related to risk management principles.
4. Financial Risk Management For Dummies
A typical concise work on managing risks, this book systematically enlightens about the aspects of understanding the overall elements of risk. Authored by an award-winning writer, this is an introductory yet a comprehensive guide on risk measurement.
5. Risk Management and Financial Institutions (Wiley Finance)
This is a comprehensive work which adopts a new and multi-layered approach to this field. This book is an effort for enhancing the understanding of managing and measuring risk. Also explained as a lucid work, this book discusses on complex topics related to risks.
6. Practical Methods of Financial Engineering and Risk Management: Tools for Modern Financial Professionals
It’s an exceptional guide concerning the accurate financial risk of understanding the market behavior with an array of more advanced statistical tools. The work deals with risk measurement and how it has changed in 2008’s wake. It happens to be a highly recommended read for the traders who are mathematically literate to take up risks and manage it accordingly.
7. Financial Risk Management: Applications in Market, Credit, Asset and Liability Management and Firmwide Risk
Being a masterful work in the practices of risk measurement, this book happens to be one of the best offerings as of now. The author deals at length the potential significance of implementing the advanced risks in the modern-day world.
It happens to be a treatise on the modern-day risk measurements for the practicing and aspiring professionals. It has been touted as a gem of the work concerning the perspective of quantitative risk on the banking industry.
Wrap up
Thus, this guide has presented a careful selection of Financial Management Books for both amateurs and professionals. Now that you are enlightened with the best books on risk management, you can proceed to find the finest book accordingly.
