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Global Asset Management pp 93–106Cite as

Palgrave Macmillan

The Credit Crisis of 2007 and Its Implications for Risk Management

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Abstract

The risk management profession has come under a great deal of criticism since July 2007. How could it not have anticipated the meltdown in financial markets? Were the tools that it had developed in the previous 20 years worthless? Was it too focused on historical data and not taking enough account of changing market conditions?

The author is grateful to Richard Cantor and Roger Stein for useful comments on an earlier draft. All views expressed are his own.

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References

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Author information

Authors and Affiliations

  1. Joseph L. Rotman School of Management, University of Toronto, Canada

    John Hull (Maple Financial Professor of Derivatives and Risk Management)

Authors
  1. John Hull
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Editor information

Editors and Affiliations

  1. Department of Information, Operations and Management Sciences at the Stern School of Business, New York University, USA

    Michael Pinedo (Julius Schlesinger Professor of Operations Management and Chair) (Julius Schlesinger Professor of Operations Management and Chair)

  2. New York University Stern School of Business, USA

    Ingo Walter (President of SimCorpStrategyLab and the Seymour Milstein Professor of Finance, Corporate Governance and Ethics) (President of SimCorpStrategyLab and the Seymour Milstein Professor of Finance, Corporate Governance and Ethics)

Copyright information

© 2013 SimCorp StrategyLab

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Hull, J. (2013). The Credit Crisis of 2007 and Its Implications for Risk Management. In: Pinedo, M., Walter, I. (eds) Global Asset Management. Palgrave Macmillan, London. https://doi.org/10.1057/9781137328878_5

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