Overview
Financial risk management as a field of study and practice continues to evolve rapidly. Despite the long list of books written about this subject, most focus on statistical risk measurement techniques. Allen offers something different: an insider's view of financial risk management, as was practiced by a market risk expert at one of the world's leading financial institutions, J.P. Morgan Chase. Allen explores real world issues such as model validation, risk measurement methodologies, valuation methodologies, and determination of reserves and measurement of counterparty credit risk for all derivative products globally. He does so with the expertise of a practitioner who was a key architect of Chase's value-at-risk and stress-testing systems. What makes Allen's exploration of the field of risk management so engaging is his ability to explore a full range of financial risk management topics with the communication skills of an academic instructor and the hands-on experience of a market practitioner. \xa0
