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Risk Management
Risk management first emerged in the 1960s encompassing risk reduction through safety, quality control and hazard education, alternative risk financing and the purchase of traditional insurance products.
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More recently, derivative dealers have promoted “risk management” as the use of derivatives to hedge or customize market-risk exposures. For this reason, derivative instruments are sometimes called “risk management products.”
The new “risk management” that evolved during the 1990s is different from either of the earlier forms. Often called "financial risk management," it treats derivatives as a problem as much as a solution. It focuses on reporting, oversight and segregation of duties within organizations.
Future Banking guides executives through the latest thinking on risk management and points them towards a number of new and innovative solutions.
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