Heads or tails: financial disaster, risk management and survival strategy in the world of extreme risk
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Farnham, Surrey, England
Gower
[2013]
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | Includes bibliographical references (pages 281-288) and index Beware of the trail : the dark nature of extreme risk -- Models, experts and extreme events -- Anti-Basel : how modern regulation missed the point -- Heads or tails : building a 'firewall' against extreme risk -- Extreme risk and the AAA approach -- When all hell breaks loose -- First line of defence : business and risk strategy -- Second line of defence : day-to-day extreme risk management -- Last line of defence : when the perfect storm begins -- If the blind leads the blind : dear regulator ... -- Appendix 1 : who predicted the crisis? -- Appendix 2 : good years vs. bad year In the wake of the global financial crisis, this book answers the question: what changes should financial institutions undergo to ensure reliable protection against extreme risks? Recent massive failures among large and respected financial institutions clearly demonstrate that contemporary risk management and regulation fail to provide adequate responses to the challenges set by extreme risks. The author combines analysis of the nature of extreme risk (so-called tail risk), risk management practices and practical solutions to build a robust, enterprise-wide, extreme risk management framework which includes three lines of defence, ranging from strategic to tactical, designed to help address the tail risk during different stages of its development. He discusses: why modern 'sophisticated' risk management frameworks, strong capitalisation and liquidity do not prevent banks from failure in the face of systemic crisis; what it means to build an effective defence against systemic and catastrophic losses; what risk architecture should look like to ensure that extreme risk events are identified early and efficiently mitigated; and how modern management practices, regulation and risk and business culture need to change to guarantee sustainability. While the context of the author's writing is financial services, the book contains an important message for specialists from any industries exposed to the extreme risks (oil/gas, energy, mining, chemical productions, transportation, etc.).--Edited summary from book |
| Beschreibung: | 1 Online-Ressource (xii, 299 pages) |
| ISBN: | 9781409460749 1409460746 9781409460732 1409460738 9781409460756 |
Internformat
MARC
| LEADER | 00000nmm a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV042741211 | ||
| 003 | DE-604 | ||
| 005 | 20160111 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 150806s2013 |||| o||u| ||||||eng d | ||
| 020 | |a 9781409460749 |9 978-1-4094-6074-9 | ||
| 020 | |a 1409460746 |9 1-4094-6074-6 | ||
| 020 | |a 9781409460732 |9 978-1-4094-6073-2 | ||
| 020 | |a 1409460738 |9 1-4094-6073-8 | ||
| 020 | |a 9781409460756 |9 978-1-4094-6075-6 | ||
| 035 | |a (OCoLC)857769683 | ||
| 035 | |a (DE-599)BVBBV042741211 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 082 | 0 | |a 332.1068/1 |2 23 | |
| 100 | 1 | |a Ivantsov, Evgueni |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Heads or tails |b financial disaster, risk management and survival strategy in the world of extreme risk |c by Evgueni Ivantsov |
| 264 | 1 | |a Farnham, Surrey, England |b Gower |c [2013] | |
| 300 | |a 1 Online-Ressource (xii, 299 pages) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 500 | |a Includes bibliographical references (pages 281-288) and index | ||
| 500 | |a Beware of the trail : the dark nature of extreme risk -- Models, experts and extreme events -- Anti-Basel : how modern regulation missed the point -- Heads or tails : building a 'firewall' against extreme risk -- Extreme risk and the AAA approach -- When all hell breaks loose -- First line of defence : business and risk strategy -- Second line of defence : day-to-day extreme risk management -- Last line of defence : when the perfect storm begins -- If the blind leads the blind : dear regulator ... -- Appendix 1 : who predicted the crisis? -- Appendix 2 : good years vs. bad year | ||
| 500 | |a In the wake of the global financial crisis, this book answers the question: what changes should financial institutions undergo to ensure reliable protection against extreme risks? Recent massive failures among large and respected financial institutions clearly demonstrate that contemporary risk management and regulation fail to provide adequate responses to the challenges set by extreme risks. The author combines analysis of the nature of extreme risk (so-called tail risk), risk management practices and practical solutions to build a robust, enterprise-wide, extreme risk management framework which includes three lines of defence, ranging from strategic to tactical, designed to help address the tail risk during different stages of its development. He discusses: why modern 'sophisticated' risk management frameworks, strong capitalisation and liquidity do not prevent banks from failure in the face of systemic crisis; what it means to build an effective defence against systemic and catastrophic losses; what risk architecture should look like to ensure that extreme risk events are identified early and efficiently mitigated; and how modern management practices, regulation and risk and business culture need to change to guarantee sustainability. While the context of the author's writing is financial services, the book contains an important message for specialists from any industries exposed to the extreme risks (oil/gas, energy, mining, chemical productions, transportation, etc.).--Edited summary from book | ||
| 650 | 7 | |a BUSINESS & ECONOMICS / Finance |2 bisacsh | |
| 650 | 7 | |a Financial institutions |2 fast | |
| 650 | 7 | |a Risk management |2 fast | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Risk management | |
| 650 | 4 | |a Financial institutions | |
| 856 | 4 | 0 | |u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=559745 |x Aggregator |3 Volltext |
| 912 | |a ZDB-4-EBA |a ZDB-4-EBU |a ZDB-4-NLEBK | ||
| 940 | 1 | |q FLA_PDA_EBU | |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-028172081 | ||
Datensatz im Suchindex
| _version_ | 1804174955346132992 |
|---|---|
| any_adam_object | |
| author | Ivantsov, Evgueni |
| author_facet | Ivantsov, Evgueni |
| author_role | aut |
| author_sort | Ivantsov, Evgueni |
| author_variant | e i ei |
| building | Verbundindex |
| bvnumber | BV042741211 |
| collection | ZDB-4-EBA ZDB-4-EBU ZDB-4-NLEBK |
| ctrlnum | (OCoLC)857769683 (DE-599)BVBBV042741211 |
| dewey-full | 332.1068/1 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.1068/1 |
| dewey-search | 332.1068/1 |
| dewey-sort | 3332.1068 11 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03671nmm a2200445zc 4500</leader><controlfield tag="001">BV042741211</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20160111 </controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">150806s2013 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781409460749</subfield><subfield code="9">978-1-4094-6074-9</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1409460746</subfield><subfield code="9">1-4094-6074-6</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781409460732</subfield><subfield code="9">978-1-4094-6073-2</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1409460738</subfield><subfield code="9">1-4094-6073-8</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781409460756</subfield><subfield code="9">978-1-4094-6075-6</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)857769683</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV042741211</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.1068/1</subfield><subfield code="2">23</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Ivantsov, Evgueni</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Heads or tails</subfield><subfield code="b">financial disaster, risk management and survival strategy in the world of extreme risk</subfield><subfield code="c">by Evgueni Ivantsov</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Farnham, Surrey, England</subfield><subfield code="b">Gower</subfield><subfield code="c">[2013]</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (xii, 299 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references (pages 281-288) and index</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Beware of the trail : the dark nature of extreme risk -- Models, experts and extreme events -- Anti-Basel : how modern regulation missed the point -- Heads or tails : building a 'firewall' against extreme risk -- Extreme risk and the AAA approach -- When all hell breaks loose -- First line of defence : business and risk strategy -- Second line of defence : day-to-day extreme risk management -- Last line of defence : when the perfect storm begins -- If the blind leads the blind : dear regulator ... -- Appendix 1 : who predicted the crisis? -- Appendix 2 : good years vs. bad year</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">In the wake of the global financial crisis, this book answers the question: what changes should financial institutions undergo to ensure reliable protection against extreme risks? Recent massive failures among large and respected financial institutions clearly demonstrate that contemporary risk management and regulation fail to provide adequate responses to the challenges set by extreme risks. The author combines analysis of the nature of extreme risk (so-called tail risk), risk management practices and practical solutions to build a robust, enterprise-wide, extreme risk management framework which includes three lines of defence, ranging from strategic to tactical, designed to help address the tail risk during different stages of its development. He discusses: why modern 'sophisticated' risk management frameworks, strong capitalisation and liquidity do not prevent banks from failure in the face of systemic crisis; what it means to build an effective defence against systemic and catastrophic losses; what risk architecture should look like to ensure that extreme risk events are identified early and efficiently mitigated; and how modern management practices, regulation and risk and business culture need to change to guarantee sustainability. While the context of the author's writing is financial services, the book contains an important message for specialists from any industries exposed to the extreme risks (oil/gas, energy, mining, chemical productions, transportation, etc.).--Edited summary from book</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS / Finance</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Financial institutions</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Risk management</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaft</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Risk management</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial institutions</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=559745</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBA</subfield><subfield code="a">ZDB-4-EBU</subfield><subfield code="a">ZDB-4-NLEBK</subfield></datafield><datafield tag="940" ind1="1" ind2=" "><subfield code="q">FLA_PDA_EBU</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-028172081</subfield></datafield></record></collection> |
| id | DE-604.BV042741211 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:08:37Z |
| institution | BVB |
| isbn | 9781409460749 1409460746 9781409460732 1409460738 9781409460756 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028172081 |
| oclc_num | 857769683 |
| open_access_boolean | |
| physical | 1 Online-Ressource (xii, 299 pages) |
| psigel | ZDB-4-EBA ZDB-4-EBU ZDB-4-NLEBK FLA_PDA_EBU |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Gower |
| record_format | marc |
| spelling | Ivantsov, Evgueni Verfasser aut Heads or tails financial disaster, risk management and survival strategy in the world of extreme risk by Evgueni Ivantsov Farnham, Surrey, England Gower [2013] 1 Online-Ressource (xii, 299 pages) txt rdacontent c rdamedia cr rdacarrier Includes bibliographical references (pages 281-288) and index Beware of the trail : the dark nature of extreme risk -- Models, experts and extreme events -- Anti-Basel : how modern regulation missed the point -- Heads or tails : building a 'firewall' against extreme risk -- Extreme risk and the AAA approach -- When all hell breaks loose -- First line of defence : business and risk strategy -- Second line of defence : day-to-day extreme risk management -- Last line of defence : when the perfect storm begins -- If the blind leads the blind : dear regulator ... -- Appendix 1 : who predicted the crisis? -- Appendix 2 : good years vs. bad year In the wake of the global financial crisis, this book answers the question: what changes should financial institutions undergo to ensure reliable protection against extreme risks? Recent massive failures among large and respected financial institutions clearly demonstrate that contemporary risk management and regulation fail to provide adequate responses to the challenges set by extreme risks. The author combines analysis of the nature of extreme risk (so-called tail risk), risk management practices and practical solutions to build a robust, enterprise-wide, extreme risk management framework which includes three lines of defence, ranging from strategic to tactical, designed to help address the tail risk during different stages of its development. He discusses: why modern 'sophisticated' risk management frameworks, strong capitalisation and liquidity do not prevent banks from failure in the face of systemic crisis; what it means to build an effective defence against systemic and catastrophic losses; what risk architecture should look like to ensure that extreme risk events are identified early and efficiently mitigated; and how modern management practices, regulation and risk and business culture need to change to guarantee sustainability. While the context of the author's writing is financial services, the book contains an important message for specialists from any industries exposed to the extreme risks (oil/gas, energy, mining, chemical productions, transportation, etc.).--Edited summary from book BUSINESS & ECONOMICS / Finance bisacsh Financial institutions fast Risk management fast Wirtschaft Risk management Financial institutions http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=559745 Aggregator Volltext |
| spellingShingle | Ivantsov, Evgueni Heads or tails financial disaster, risk management and survival strategy in the world of extreme risk BUSINESS & ECONOMICS / Finance bisacsh Financial institutions fast Risk management fast Wirtschaft Risk management Financial institutions |
| title | Heads or tails financial disaster, risk management and survival strategy in the world of extreme risk |
| title_auth | Heads or tails financial disaster, risk management and survival strategy in the world of extreme risk |
| title_exact_search | Heads or tails financial disaster, risk management and survival strategy in the world of extreme risk |
| title_full | Heads or tails financial disaster, risk management and survival strategy in the world of extreme risk by Evgueni Ivantsov |
| title_fullStr | Heads or tails financial disaster, risk management and survival strategy in the world of extreme risk by Evgueni Ivantsov |
| title_full_unstemmed | Heads or tails financial disaster, risk management and survival strategy in the world of extreme risk by Evgueni Ivantsov |
| title_short | Heads or tails |
| title_sort | heads or tails financial disaster risk management and survival strategy in the world of extreme risk |
| title_sub | financial disaster, risk management and survival strategy in the world of extreme risk |
| topic | BUSINESS & ECONOMICS / Finance bisacsh Financial institutions fast Risk management fast Wirtschaft Risk management Financial institutions |
| topic_facet | BUSINESS & ECONOMICS / Finance Financial institutions Risk management Wirtschaft |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=559745 |
| work_keys_str_mv | AT ivantsovevgueni headsortailsfinancialdisasterriskmanagementandsurvivalstrategyintheworldofextremerisk |