Quantitative Risk Management Concepts, Techniques and - Alexander J. McNeil

Why have we written this book? In recent decades the field of financial risk management has developed rapidly in response to both the increasing complexity of financial instruments and markets and the increasing regulation of the financial services industry. This book is devoted specifically to quantitative modelling issues arising in this field. As a result of our own discussions and joint projects with industry professionals and regulators over a number of years, we felt there was a need for a textbook treatment of quantitative risk management (QRM) at a technical yet accessible level, aimed at both industry participants and students seeking an entrance to the area.