This book takes a novel approach to solving a financial manager's problems by applying a valuation focus to the firm's risk management decisions. Rather than concentrating solely on defining and measuring a bank's risks, our book goes a step further by explicitly considering how these risks can impact the market value of the bank from a shareholder's perspective. The book uses an integrated valuation framework which quantifies the costs and benefits of how a bank should manage its main risks associated with key functions such as lending, investing, financing, and liquidity provision. The book's hands-on approach to learning also incorporates useful tools for student learning, such as helpful mnemonics, illustrative examples, and a spreadsheet which brings the concepts discussed in the book to life. It is a must-read for readers eager to improve their risk management skills.