Here are some of my favourite books and resources in risk management, often cited during my training courses.
• The Failure of Risk Management, Douglas Hubbard, Wiley, 2009: uses and misuses of risk ratings and other flaws in decision making. A great read.
• How to Measure Anything, Douglas Hubbard, Wiley 3/E, 2014.: the title says it all. A smashing success leading to a third edition.
• Influencer – the power to change anything, Patterson et al., 2007: a must read to change and influence risk culture. Inspiring.
• Wilful blindness – Why we ignore the obvious at our peril, Margaret Heffernan, 2011: from housewives to Enron, how and why we look away when we don’t want to know. Humbling.
• Fooled by Randomness, Nassim Taleb: particularly relevant for investments in financial markets, but excellent for his view of tail risks and measurement uncertainty.
• Against the Gods: a history of risk management, Peter Bernstein: Interesting for those curious of the history of science and risk management.
• Operational Risk Management, Philippa Girling, Wiley, 2013: a good and recent overview of all the aspects of an operational risk management framework. Well written and well documented.
• Operational Risk Assessment: The Commercial Imperative of a More Forensic and Transparent Approach (The Wiley Finance Series), Brendon Young, Rodney Coleman, 2009: a nice combination of risk management (part 1) and statistics (part 2) by two great authors.
• Operational Risk Modelling, G. Peters, P. Shevchenko and M. Cruz, Wiley, 2015.The most recent book on the topic, by some of the very best experts in the field.
– Risk Management Institutes
Below are some links to risk management websites, institutes and scholars you may find useful:
– Academic research engines:
– Data consortium and leading practice: