The European sovereign debt and the 2007-09 global market crises have heightened the significance of several risk exposures faced by financial institutions such as liquidity and funding, asset encumbrance, sovereign loan forbearance, and counterparty-related risks. Financial risk is an integral part of the business risk faced by both financial and non-financial conglomerates. For example, airline companies have to mitigate the risks arising from fluctuating jet fuel prices and export and import businesses have to manage their foreign currency risk.