The component-based approach to building trading and risk management systems is now well established, as two recent Risk Waters Group shows confirm. A New Approach to Investing, edited by Leslie Rahl, reviewed by Mark Lundin of Fortis Investment Management. The Basel Committee on Banking Supervision should provide better incentives for improved operational risk management than the ones it is proposing. The consultation period for the new Basel Accord on bank capital closes at the end of the month. As risk management becomes a higher priority in the industry, so the systems enabling participants to keep up with the competition evolve.
Risk covers the latest innovations and analyses their effectiveness.
Risk is a showcase for the latest thinking and research into derivatives tools and techniques, with comprehensive, cutting-edge coverage of the most recent advances in areas such as option pricing and hedging, market risk, credit risk, swaps and Monte Carlo methods. Every month Risk brings you reviews of the latest and best books related to the risk management industry, while offering helpful advice on those you'd best avoid. Risk's special reports, supplements and financial product guides offer additional in-depth coverage of the hottest industry topics, ranging from operational risk, credit risk and electronic trading to specialist coverage of emerging markets such as Latin America and Asia. Risk s column available every other month from Rutter Associates Charles Smithson offers an in-depth guide to the latest risk management techniques, and examines the various tools on offer for the industry professional. Always at the forefront of new developments in the derivatives industry, Risk is dedicated to informing readers of the latest news, research and developments in the market.