Riskbook.com also announced that Advanced Financial Risk Management was named one of the top ten finance books of 2004. The book, written by Kamakura authors Donald R. van Deventer, Mark Mesler, and Kenji Imai, was described this way in a review accompanying the award: "This is the best risk management title published in 2004. It is essential reading for risk managers at commercial banks. I highly recommend it to anyone who works in financial risk management. The book is outstanding." Advanced Financial Risk Management was ranked number 1 "bestseller" of 2,373 books on amazon.com with "risk management" in the title and number 1 of 196 books on the same web site with "credit risk" in the title as of December 16, 2004.
"Kamakura is gratified at the industry recognition of its leading edge technology in integrated credit risk, market risk, asset and liability management, and performance measurement," said Donald R. van Deventer, Kamakura founder and Chief Executive Officer. "Our efforts to incorporate the links between macro-economic factors and total risk stems from pioneering research done over the last 20 years by Kamakura research director Dr. Robert Jarrow and many like-minded colleagues in academia and finance services. Our Kamakura Risk Manager enterprise wide software solution and our related Kamakura Risk Information Services default probabilities are now used across the globe by the world's leading financial institutions and corporations. We are grateful to Business 2.0 and Riskbook.com for recognizing the clients that made these awards possible."
