The pillars of finance

1.Market Risk

2.Credit risk

3.Operational risk

Risk is an assessment of loss, or the chance of loss. Offering any kind of service or product in finance carries a level of risk.

There is Micro risk and Macro risk

Under Micro risk

1. Systematic risk

2.Unsystematic risk

Under macro risk

1.Finance Risk

2.Market Risk

3.Credit Risk

4.Country Risk.

5.Cash Risk

Michel Crouhy has written:

'Credit Scoring and Retail Credit Risk Management' -- subject(s): Business, Finance, Nonfiction, OverDrive

'Risk management' -- subject(s): OverDrive, Business, Finance, Nonfiction

'Corporate Governence and Risk Management' -- subject(s): Business, Finance, Nonfiction, OverDrive

'New Approaches to Measuring Credit Risk' -- subject(s): Business, Finance, Nonfiction, OverDrive

'New Ways to Transfer Credit Risk' -- subject(s): Business, Finance, Nonfiction, OverDrive

'Risk Capital Attribution and Risk-Adjusted Performance Measurement' -- subject(s): Business, Finance, Nonfiction, OverDrive

'Operational Risk' -- subject(s): Business, Finance, Nonfiction, OverDrive

'The essentials of risk management' -- subject(s): OverDrive, Business, Nonfiction

Behavioral finance is the study of human behavior in finance, which is not always 100% rational as classic finance predicts (risk averse, utility maximizer).