1. A strong markets focus within a modern risk management framework. The text recognizes that domestic and foreign financial markets are increasingly connected and that financial intermediaries are evolving towards a single financial services industry. The book looks at how new risks have evolved, how the more traditional risks have changed as a result, and how all of these risks can be measured and managed.
2. Tables and figures in all chapters have been revised to include the most recently available data.
3. Discussion of how financial markets and institutions continue to recover from the financial crisis has been added throughout the book. Virtually every chapter includes new material detailing how the financial crisis affected risk management in financial institutions.
4. The rich figures, diagrams and graphs in this text provide accessibility. In the markets chapters, the details of getting a security to the market and the subsequent trading of securities are illustrated using figures, diagrams, etc. in a manner unique to this text. After reading a chapter, the student should be able to visualize exactly how a security is placed in a financial market and then how they can transact in the market.