First Edition (August 1999) Copyright 1999 RiskMetrics Group

Why we wrote this Guide
This Guide evolved from common client questions about market risk management. While there
is a significant amount of quantitative research and high-level risk management literature, there
are few practical resources at the risk manager's disposal. The Guide addresses the basic issues
risk managers face when implementing a market risk measurement process 。。。

Who should read the Guide
The Guide is geared for risk monitors and analysts who are responsible for implementing a risk
reporting process. After studying the Guide, readers should know (a) how to measure risk,
(b) why it's important to measure risk—the “so what” or “value-added” of it, and (c) how to
present and communicate risk information to management and other interested constituents 。。。