The Essentials of Risk Management, 2nd Edition – 2014

By Michel Crouhy, Dan Galai, Robert Mark

The definitive guide to quantifying risk vs. return–fully updated to reveal the newest, most effective innovations in financial risk management since the 2008 financial crisis

Written for risk professionals and non-risk professionals alike, this easy-to-understand guide helps you meet the increasingly insistent demand to make sophisticated assessments of companies’ risk exposure. It provides the latest methods for:

  • Measuring and transferring credit risk
  • Increasing risk-management transparency
  • Implementing an organization-wide Enterprise risk Management (ERM) approach

Michel Crouhy is head of research and development at NATIXIS and the founder and president of the NATIXIS Foundation for Quantitative Research.
Dan Galai is the Abe Gray Professor of Finance and Business Administration at the School of Business Administration, the Hebrew University in Jerusalem.
Robert Mark is the Founding Chief Executive Officer of Black Diamond Risk which provides corporate governance, risk management consulting, risk software tools, and transaction services.

The Essentials of Risk Management – 2006

By Michel Crouhy, Dan Galai, Robert Mark

Risk management is no longer confined solely to risk management specialists. Stakeholders ranging from employees to investors must understand how to quantify the tradeoffs of risk against the potential return. The failure to understand the essential nature of risk can have devastating consequences.

Globally renowned risk and corporate governance experts Michel Crouhy, Dan Galai, and Robert Mark have updated and streamlined their bestselling professional reference Risk Management to introduce you to the world of risk management without requiring you to know the intricate formulas and mathematical details.

The Essentials of Risk Management provides you with a practical, non-ivory tower approach that is necessary to effectively implement a superior risk management program. Written by three of the leading figures with extensive practical and theoretical experience in the global risk management and corporate governance arena, this straightforward guidebook features such topics as:

  • Corporate governance, compliance and risk management
  • How to implement integrated risk management
  • Measuring, managing and hedging market, credit (retail and corporate), operational and model risk
  • The roles of board members and senior management in managing risk

As corporate scandals continue to make headlines and erode shareholder confidence, risk becomes everyone’s responsibility. The Essentials of Risk Management will empower both the technical and non technical reader with the essential knowledge necessary to understand and manage risks in any corporate or economic environment.

The Essentials of Risk Management is available in electronic format (PDF version).

It is also available from the US Amazon site The Essentials of Risk Management Kindle reader.


Risk Management – 2001

By Michel Crouhy, Dan Galai, Robert Mark

In today’s world of multibillion-dollar credit losses and bailouts, it has become increasingly imperative for corporate and banking leaders to monitor and manage riskæon all fronts. Risk Management introduces and explores the latest financial and hedging techniques in use around the world, and provides the foundation for creating an integrated, consistent, and effective risk management strategy.

The tested and comprehensive analyses and insights in Risk Management give bankers and financial managers all the necessary information for:

  • Risk Management Overview–From the history of risk management to the new regulatory and trading environment, a look at risk management past and present
  • Risk Management Program Design–Techniques to organize the risk management function, and design a system to cover your organization’s many risk exposures
  • Risk Management Implementation–How to use the myriad systems and productsævalue at risk (VaR), stress-testing, derivatives, and more for measuring and hedging risk in today’s marketplace