There is a basic shift in the paradigm of risk management practices, and has placed greater emphasis on the successful identification, quantification, mitigation, control and financing of risk. Evolving concepts of risk are leading to complex management perspectives requiring an integrated view of the finances and operations of a corporation. Today's risk manager must generate a comprehensive context of risks faced by the enterprises. The process of risk management involves the following : Recognition and understanding, Measurement, Monitoring and control.

Table of Contents:
Preface List of Contributor Part I : CONCEPT OF RISK MANAGEMENT : 1. Risk Management the Banking Perspective/Prabhat Singhal 2. Risk Management in Micro Finance/N. Jeyaseelan 3. Managing Risk : A Challenging Task/Chitta Ranjan Sarkar 4. Operational Risk Management in Banks/S.K. Bagchi 5. Operational Risk Management-Systems and Process/V. Ramaswamy 6. Operational Risk-A Real Nightmare?/A.S. Rajeev 7. Credit as well as Credit Risk Management in Banks/R.S. Raghavan 8. Enterprise Risk Management-An Eye Opener/V. Sreeraman 9. Strategic Risk Management/Vishnu Kanhere 10. Corporate Governance, Risk Management and Internal Audit/Narendra M. Apte 11. Managing Exchange Risks/Yogesh Upadhyay and S.K. Singh 12. Role of Logistics in Supply Chain Management/Anil Chandra Pathak Part II : FINANCE AND RISK : 13. Risk Finance/B. Ratna Ravikumar 14. Venture Capital : The Need of the Hour/K.V. Mallik 15. Venture Capital/Sawalia Bihari Verma and Ravi Kumar Shrivastawa 16. Taxation of Banks and Financial Institutions/Barun Kumar Ghosh 17. Audit Risk : Its Relevance, Assessment and Minimization/Barun Kumar Ghosh 18. Product Costing and Pricing in Banks/Mrutyunjaya Padhan Part III : AUDIT AND RISK : 19. Financial Crimes and is Audit/V. Srinivas 20. Concentrate on Personal Financial Management-it s High Time/Suvendu Base 21. Risk-based Supervision and Risk/R.S. Raghavan 22. Risk-based Supervision/V.V. Kamath 23. Changing Horizon of Insurance Sector/Sam Ghosh 24. Insuring Life/H. Sadhak 25. Career in Actuarial Science/Hena Naqvi Part IV : RISK IN INSURANCE SECTOR : 26. Preserving Capital and Maximising Shareholder Return/Manish Kumar Jain 27. New Accounting Framework in Insurance Industry/R.C. Curia 28. Insurance-A Booming Professional Opportunity/N.D. Gupta 29. National Company Law Tribunal and Appellate Tribunal/Gopal Pd. Dokania Part V : RISK IN BANKING SECTOR : 30. Bank Credit-Risk and Profitability/S.B. Singh 31. New Approaches to Fraud Deterrence/Joseph T. Wells 32. Forex Market Intervention, Sterilisation and Market Stabilisation Fund/Kanchana Khanna 33. Minimum Capital Requirement-Pillar/P.V. Subba Rao 34. Statutory Audit of Bank Treasury/Shyam Ramadhyani 35. Untapped Opportunities in Bancassurance/P.P. Pathrose 36. Treasury Integration-the Process/A.K. Trivedi 37. Use of Derivatives to Manage Market Risk/Niall S.K. Booker 38. Audit of Forex Transactions/K. Parameswaran