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Published in:
2006 | OriginalPaper | Chapter
Risk Types, Collection and Mitigation
Authors : Bruce T. Porteous, Pradip Tapadar
Published in: Economic Capital and Financial Risk Management for Financial Services Firms and Conglomerates
Publisher: Palgrave Macmillan UK
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It can be argued that the main rationale for the existence of financial services firms is to collect and manage risk, in its widest possible sense. In doing this, they usually aim to both make a profit for their shareholders and to provide value adding services for their customers, specifically managing financial risks on behalf of their customers.