Synopsis Banks encounter many risks such as credit, operational and market risk. For prudent management with high degree of transparency, banks must have a scientific system of measuring and managing risks to enhance the resilience of the global financial system. This book discusses systemic risk, operational risk and technology risk in detail. Of these, technology risk can neither be easily quantified nor measured. However, banks can gain financial and operational benefits by conducting an effective Technology Risk Assessment. Technology can be used to measure and manage various risks in a bank, like liquidity risk, credit risk, products or services risk, exchange risk and legal risk, and as the Basel Committee on Banking Supervision (BCBS) has identified, Compliance Risk too. These facts and much more are covered in this very informative book.