Risk Management and Value Creation in Financial Institutions

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Book Title: Risk Management and Value Creation in Financial Institutions
Author: Gerhard Schroeck
Publisher: Wiley; 1 edition (September 20, 2002)
Hardcover: 384 pages
Language: English
ISBN-10: 0471254762
ISBN-13: 978-0471254768

Book Description
Increased competition among banks as well as pressure from shareholders for superior returns have forced financial institutions to focus on managing their value. But the idea of viewing risk management activities in banks from a risk return perspective, and hence in the context of value creation?has not been analyzed on an industry or bank level until very recently.

Risk Management and Value Creation in Financial Institutions offers a close look at this subject by exploring both the theory and practice of corporate risk management in financial institutions. Author Gerhard Schroeck lays the foundations for developing a model that would allow banks to identify comparative advantages, examining where they should concentrate their risk management activities and how they should structure them. The book?s valuable insights provide financial intermediaries with a detailed analysis of the link between risk management and value creation, and will help them build economic value.

Through an in depth look at both the theory and practice of corporate risk management in financial institutions, Risk Management and Value Creation in Financial Institutions offers a variety of methods that can be utilized to create economic value at almost any financial institution. For the first time, this book bridges the gap between theory and practice in this field by:

* Deriving circumstances under which risk management at the corporate level can create value in banks
* Laying the theoretical foundations for a normative approach to risk management in banks
* Evaluating the practical heuristics of RAROC and economic capital as they are currently practiced
* Developing more detailed instructions on how to conduct risk management and how to measure value creation in banks

Book Review
“This instructive and insightful book offers one of the first comprehensive discussions of the relationship between risk management and value creation in banks. Gerhard Schroeck provides a solid theoretical foundation for discussing the problem and clearly reduces the existing discrepancy between financial theory and the state-of-the-art risk management approaches currently used in the banking industry. His book is a superb reference and extremely valuable both for practitioners as well as academics.” -?Dr. Manfred Steiner, Professor of Finance and Banking, University of Augsburg, Germany

“Very helpful. A good discussion of the theory and practice of corporate risk management in banks. Outlines methods that can be used to create economic value in any financial institution.” –By A Customer

About the Author
Gerhard Schroeck (Bad Homburg, Germany) has been a Senior Management Consultant with Oliver, Wyman and Company in Frankfurt and London since 1997, where he advises financial institutions on risk management issues and value creation. He received his PhD in finance and his master?s of arts in business administration from the University of Augsburg, Germany, and an MBA from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh.

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