Written by Boris Agranovich
VAR or Value at risk is a summary measure of downside risk expressed in the reference currency. A general definition is: VAR is the maximum expected loss over a given period at a given level of ...
In the wake of the financial market turmoil that arose over the last few years and which already brought down some big financial institutions, the question remains what banks can and should do to protect themselves from the worst-case scenario.
This article describes how banks operate in time of crisis and what their instruments are in navigating in the stormy waters.
One day in life of a Risk Manager during the crisis time.
W. is a risk mana...
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