Provides comprehensive coverage of derivatives, including options futures, swaps, and stochastic processes.

Presents the treatment of derivatives within a wider risk management context.

Includes coverage of risk management, including VaR, 'Risk Grades' stress testing, extreme value theory, contemporary models of credit risk and their relevance to current debates on global regulatory policy.

Adopts a real-world emphasis throughout, including 'topic boxes', FT and WSJ extracts, mini cases, numerical examples and 'hands on' Excel spreadsheets.

Supporting website including Lecturer's Resource Pack and Student Centre.