Currency
There are two main parts to this book. The first part is concerned with the general issues of capital management, allocation, risk attribution and performance determination. The second part focuses on the measurement of capital. The book is essential for all who witnessed the devastating effects of the crisis, due fundamentally to undercapitalisation.
The current capital regime has turned out to be seriously flawed whether it was intentional or not, and whether or not regulators played an important role in creating this crisis. The call for regulatory reform is an open-ended endeavor.