This book is the first educational and encyclopedic publication in Russia, which, in accordance with international standards, covers the main issues of financial risk management. The publication is supplemented with new materials on organizational aspects of risk management, models of interest rate evolution, bank deposit insurance risks and macroeconomic risk analysis. Modern methods of quantitative assessment and financial risk management, theory of extreme values, forward interest rate agreements, etc. are considered A systematic review of the methods of quantitative analysis used in risk management, pricing models and strategies for the use of derivative financial instruments is given Overview of the main provisions of the New Basel Capital Agreement 2004. based on the latest version of the agreement of November 2006. The book is intended for professionals directly involved in risk assessment and management, teachers, students and graduate students of economic faculties of universities . It can also be used to prepare for international exams in financial risk management for obtaining certificates Financial Risk Manager and Professional Risk Manager