This comprehensive yet accessible guide to enterprise risk management for financial institutions contains all the tools needed to build and maintain an ERM framework. It discusses the internal and external contexts within which risk management must be carried out, and it covers a range of qualitative and quantitative techniques that can be used to identify, model and measure risks. This third edition has been thoroughly revised and updated to reflect new regulations and legislation. It includes additional detail on machine learning, a new section on vine copulas, and significantly expanded information on sustainability. A range of new case studies include Theranos and FTX. Suitable as a course book or for self-study, this book forms part of the core reading for the Institute and Faculty of Actuaries' examination in enterprise risk management.

‘Paul Sweeting’s book is an impressively comprehensive exploration of all aspects of enterprise-wide financial risk management and now with welcome updates for recent developments in AI, technology and risk management. It's a thorough examination of different risk management models with detailed consideration of different risks and their statistical analysis. The expansion of the section on case studies is particularly welcome, as it brings to life many of the theoretical concepts explored in this excellent book. Highly recommended for all those involved in risk management across financial institutions and an essential resource for anyone interested in financial risk management.’

Charles Cowling - Past President, International Actuarial Association

‘Comprehensive, rigorous, and deeply practical, Financial Enterprise Risk Management equips all financial risk managers, including CERAs and actuaries, with the tools and insight to understand, measure, and manage risk across modern institutions, serving as an essential reference that bridges analytical depth with strategic application in enterprise risk management.’

Masaaki Yoshimura - Chair of CERA Global Association

‘Professor Sweeting’s book is an indispensable companion for risk professionals, offering a broad survey of quantitative modelling, regulatory context, and frameworks for holistic and qualitative issues. This third edition adds timely insights on emerging risks such as ESG and is enriched with practical case studies - a truly commendable achievement’

David Menezes - Peak Re