The most complete, up-to-date guide to risk management in finance Risk Management and Financial Institutions, Fifth Edition explains all aspects of financial risk and financial institution regulation, helping you better understand the financial markets―and their potential dangers. Inside, you’ll learn the different types of risk, how and where they appear in different types of institutions, and how the regulatory structure of each institution affects risk management practices. Comprehensive ancillary materials include software, practice questions, and all necessary teaching supplements, facilitating more complete understanding and providing an ultimate learning resource. All financial professionals need to understand and quantify the risks associated with their decisions. This book provides a complete guide to risk management with the most up to date information. •       Understand how risk affects different types of financial institutions •       Learn the different types of risk and how they are managed •       Study the most current regulatory issues that deal with risk •       Get the help you need, whether you’re a student or a professional Risk management has become increasingly important in recent years and a deep understanding is essential for anyone working in the finance industry; today, risk management is part of everyone's job. For complete information and comprehensive coverage of the latest industry issues and practices, Risk Management and Financial Institutions, Fifth Edition is an informative, authoritative guide. An Indispensable "Tool of the Trade" for Both Students and Finance Professionals Risk management is part of everyone's job in today's finance industry. Written by an internationally recognized authority on derivatives and risk management, this new edition of the premier guide to risk management for financial institutions helps you gain a deeper understanding of risk and how it functions in the markets. Clearly and succinctly, John Hull explains the various forms of risk, how and where they appear in different types of institutions, and how the regulatory environment affects risk management practices. Fully revised and updated, Risk Management and Financial Institutions, Fifth Edition: Describes the activities of different types of financial institutions and how they are regulated - Covers market risk, credit risk, operational risk, liquidity risk, and model risk - Includes a new chapter on financial innovation discussing how technological developments such as machine learning and blockchain are reshaping financial services - Updates material on the regulation of OTC markets, FRTB, operational risk, and model risk - Provides readers with access to a companion website offering valuable free software, practice questions, and unique learning aids Risk Management and Financial Institutions, Fifth Edition is still the most complete, up-to-date guide to risk management in finance for finance professionals and students alike. An Indispensable "Tool of the Trade" for Both Students and Finance Professionals Risk management is part of everyone's job in today's finance industry. Written by an internationally recognized authority on derivatives and risk management, this new edition of the premier guide to risk management for financial institutions helps you gain a deeper understanding of risk and how it functions in the markets. Clearly and succinctly, John Hull explains the various forms of risk, how and where they appear in different types of institutions, and how the regulatory environment affects risk management practices. Fully revised and updated, Risk Management and Financial Institutions, Fifth Edition: Describes the activities of different types of financial institutions and how they are regulated - Covers market risk, credit risk, operational risk, liquidity risk, and model risk - Includes a new chapter on financial innovation discussing how technological developments such as machine learning and blockchain are reshaping financial services - Updates material on the regulation of OTC markets, FRTB, operational risk, and model risk - Provides readers with access to a companion website offering valuable free software, practice questions, and unique learning aids Risk Management and Financial Institutions, Fifth Edition is still the most complete, up-to-date guide to risk management in finance for finance professionals and students alike. JOHN C. HULL is the Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management, University of Toronto, and codirector of Rotman's Master of Finance and Master of Financial Risk Management programs. He has been a consultant to many North American, Japanese, and European financial institutions.