Successful Risk Management

Erik Banks

Chapter 1 in Risk Culture, 2012, pp 1-20 from Palgrave Macmillan

Abstract: Abstract Risk, or the uncertainty regarding a future event or outcome, characterizes much of what banks, industrial corporations and governmental agencies must deal with on a daily basis. Indeed, risk is a driving force in creating markets, products and, ultimately, revenues and profits. Absent risk, the business world would be characterized by complete certainty and, arguably, little opportunity for innovation or profit. The risk-free world is safe, predictable and rather boring.

Keywords: Risk Management; Credit Risk; Market Risk; Credit Spread; Business Risk (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-26372-8_1

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DOI: 10.1057/9781137263728_1

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