Financial risk management (Topical Term)

Work cat.: Essentials of financial risk management, 2005: p. 3 ("financial risk management is a process to deal with the uncertainties resulting from financial markets"; risk management strategies often involve derivatives such as futures, forwards, options, and swaps) p. 5 (organization may reduce risk by risk diversification) p. 21 (financial risks arise from an organization's exposure to financial markets, its transactions with others, and its reliance on processes, systems, and people) p. vii (major financial risks are interest rates, foreign exchange, credit, commodity and operational risks)

Wikipedia, October 17, 2005: financial risk management (as a specialization of risk management, financial risk management focuses on when and how to hedge using financial instruments to manage costly exposures to risk; derivatives are commonly used in financial risk management; standardized derivatives trading on futures exchanges, such as options and futures contracts, are more cost effective); financial engineering (employing financial mathematics and computer simulations to make trading, hedging and investment decisions, as well as facilitating the risk management of those decisions))

Advanced financial risk management: tools and techniques for integrated credit risk and interest rate risk management, 2005