This book fills a gap in banking literature by providing a professional and
sophisticated 'risk' primer for bank directors, executives and staff at every
level as well as students, analysts and commentators on the banking scene. The
breadth of focus is exceptional in covering the full range of banking risks,
rather than the customary specialist segment. The book begins by defining risk
itself and discussing how it can be approached in a banking context. It goes on
to examine the concepts of volatility, expected and unexpected loss, the role of
risk capital, rate of return and the required reward for risk (the 'cost of
capital'). The author