The 1980s in the financial world were years of unprecedented risk-taking, after the removal of restraints imposed by years of financial regulation. Much of that risk-taking was excessive, ill-informed and poorly managed. In the wake of these events, the Second Annual Melbourne Money and Finance Conference brought together leading practitioners, officials and academics in the field of finance, to discuss risk management in financial institutions. How to assess and manage risks is one of the big lessons financial institutions are now trying to learn in the light of the lamentable experiences of the last decade. In "Risk Management in Financial Institutions", the papers discussed at this important conference are presented. The contributors, each a practising specialist in his or her field, take a measured look at the experience of the 80s, and explore the techniques available for the sensible management of risk and how they should be employed. For those working in the financial markets, the importance of risk management will be well appreciated. This book provides the insight of leading finance specialists into this important subject.