Risk magazine provides news and analysis covering the financial industry, with a particular focus on financial risk management regulation, and the global derivatives markets. It includes papers on option pricing and hedging, market risk, credit risk, swaps and Monte Carlo methods. Articles include news, comment and mathematical papers on an aspect of derivatives risk and pricing. Risk has a tradition of covers featuring pieces of abstract modern art. It has been described as Incisive Media's "flagship financial management title".
It was founded by Peter Field in 1987. It was owned by Risk Waters Group, then was acquired by Incisive Media, the owners of Post Magazine, Waters (magazine) and Investment Week, Journalists include: Mauro Cesa, Fiona Maxwell, and Peter Madigan, with Duncan Wood as Editor. Energy Risk — a sister title that covers energy trading and risk management — was spun off in 1994.
Risk also runs industry specific events including the annual Risk awards. In 2003 Risk magazine launched Risk.net a financial risk management website which provides news updates as a digital subscription.