UMBERTO CHERUBINI is Professor of Financial Mathematics at the University of Bologna. He is fellow of the Financial Econometrics Research Center (FERC), University of Warwick and Ente Einaudi, Bank of Italy. He teaches risk management programs for professionals at the Italian Banking Association, and does consulting work with Prometeia, an Italian firm specialized in research and consultancy in economics and finance. He has published in international journals in economics and finance and has co-written the book "Copula Methods in Finance" (published in 2004 by John Wiley).