The Risk Management Process: Business Strategy and Tactics

Rating:
Summary: Highly Recommended!
Review: 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. We recommend this book to senior managers and directors - in other words, any executives who create, implement or supervise risk management strategies.

Rating:
Summary: Amazing book
Review: This book had more then what I was looking for.

I was looking for a book on general financial risk management theory and processes (especially market risk management). This book gave more then that. It gave me insight on the theories and rationales on the topic.

The coverage extended somewhat beyond financial risks, giving background on risk management to an organisation as a whole.

The structure of the book was easy and logical, first part being the background and theory or risk management as a whole, part two detailing into the maths of risk management, and the last discussing control processes.

One lacking part (which I was looking for) was that it did not discuss in detail the business processes themselves. I may have over expecting it, but the topic seem to have missed out.

Rating:
Summary: Good Coverage of The Topic
Review: This is a good coverage of the subject for a student introduction. "Iceberg Risk" and "Beyond Value at Risk" by Kevin Dowd are also recommended for students who intend to practice in this field.

Rating:
Summary: Uneven, Academic, and Often Inaccurate
Review: This seems to be a digestion of some articles on risk management without the practical experience to make it useful for practicing risk managers.

Forget that much of the theory is dated, the notion of how risk managment works is incorrect. This isn't a good resource. Try the GARP website for better resources.