Financial Risk Management

About

Before taking any course, everyone should ask him/herself what the opportunity cost of taking this course is. Since time is an invaluable asset, you should be very careful about your decision making. Then, you may ask yourself what risk management is and whether risk management will be helpful in your future career. Well, I will give you an example of why risk management matters. Due to recent climate changes, more and more meteorologists warn of the possibility of natural disasters which the human race has never experienced before. I don’t have to remind you of the importance of risk management.

What about “financial risk management”? Just like we experience more bizarre environmental events recently, a global financial crisis will be stronger than before and will affect more people and the economy. The most recent financial crisis of “subprime mortgage crisis” is a perfect example of how the lack of financial risk management (FRM hereafter) affects the global economy. Effects of bank failures are so great to citizens that most governments are not willing to let banks go bankrupt. That creates a moral hazard problem, and it may have caused the subprime mortgage crisis

Course leader

Jin San Kim

Target group

Master's Level

Fee info