Essay about the Financial Risk Management

Personal Reflection
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Personal Reflection
The Financial Risk Management class has given me a good insight into the aspects of financial risk management. I had a chance to learn different lessons in credit risk, operational risk, and market risk management. I learned how to use the Merton model in assessing the credit risks of an organization. The Merton model helped me better understand how to identify bankruptcy, which it identifies as the probability of continuous default. The insight proved the importance of the model in credit risk assessment. I also gained a lot of insight on how to go about market risk management. The VAR method gave me an interesting way of analyzing the market risks. It wa...