Prelude Foreword; C.Smithson Author's Preface PART 1: PRINCIPLES Risk: A Shape to be Drawn Definitions: Categories and Choices Risk Managers: Map Makers Credit Risk: A Traditional Challenge Market Risk: A New Challenge Operational Risk: Everyman Governance: Taking Action PART 2: CHALLENGES Initial Steps: Thinking, Planning and Doing Separation of Duties: The Front, Middle and Back Office People: The Silent Risk Institutional Knowledge: The Knowledge Factory New Products: Managing Innovation Measurement: The Size of Risk PART 3: APPLICATIONS Data: Particles of Risk Indicators: Messages and Signals Technology: Multiple Dimensions PROCESSES Derivatives: Trading Safely Collateral: Order and Complexity Master Agreements: The Documentation Vortex PART 4: CONCLUSION Summing Up and Looking Ahead Acknowledgements and Personal Reflections Glossary References and Further Reading Epilogue Index.