Risk management and efficient asset allocation are the watch-words of modern banking, not only for profitability and security, but also to comply with the increasingly stringent international regulations laid down by the Bank of International Settlements. This book examines all aspects of financial risk management in banking-from global considerations right down to the management of a particular profit center. It details the very latest techniques including VAR and is up-to-date with the latest regulations on capital adequacy. (text from the publisher)