Market risk is a field of great importance both to firms managing risk and supervisors alike. It embraces a huge field, made more complex as innovations lead to an ever-expanding variety of financial instruments, and which needs to cover many fields of activity from banking to asset management.
Christian Szylar has written an excellent exposé of the field, which manages to retain an inherent readability for the nontechnical reader, with a rigorous technical approach for those wishing to go into more depth.
The book helps to reduce inherent complexities into a field better understood and makes a valuable contribution for all those interested in the area of managing risks. At a time when we are living with the aftermath of financial crisis, it deserves to be widely read.
Sir Andrew Large
Former Deputy Governor, Bank of England