Financial Risk Management

From Open Risk Manual
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

Definition

Financial Risk Management is a subset of Risk Management practice that focuses on the management of Financial Risk. It is considered in a general as well developed risk management framework. A customary subdivision follows the predominant subdivision of financial risks by Risk Type, such as Credit Risk Management, Market Risk Management etc.

In the context of the Risk Taxonomy, financial risk management concerns primary the management of contractual risks