Strategic Risk Management Practice: How to Deal Effectively with Major Corporate Exposures - Hardcover

Andersen, Torben Juul; Schrøder, Peter Winther

Hardcover

ISBN 10: 0521114241 ISBN 13: 9780521114240

Publisher: Cambridge University Press, 2010

Synopsis

At a time when corporate scandals and major financial failures dominate newspaper headlines, the importance of good risk management practices has never been more obvious. The absence or mismanagement of such practices can have devastating effects on exposed organizations and the wider economy (Barings Bank, Enron, Lehmann Brothers, Northern Rock, to name but a few). Today's organizations and corporate leaders must learn the lessons of such failures by developing practices to deal effectively with risk. This book is an important step towards this end. Written from a European perspective, it brings together ideas, concepts and practices developed in various risk markets and academic fields to provide a much-needed overview of different approaches to risk management. It critiques prevailing enterprise risk management frameworks (ERMs) and proposes a suitable alternative. Combining academic rigour and practical experience, this is an important resource for graduate students and professionals concerned with strategic risk management.

About this title

About the Authors

Torben Juul Andersen is Professor at the Center for Strategic Management and Globalization, Copenhagen Business School. His professional career includes positions as Senior Consultant at PHB Hagler Bailly Inc., Arlington; Senior Vice President at Unibank A/S, Copenhagen; Managing Director at SDS Securities A/S, Copenhagen; Vice President at Citicorp Investment Bank, London; and Corporate Bank Head with Citibank, N.A. He is the author of several books on risk management, including Global Derivatives (2006) and Currency and Interest Rate Hedging (1993).

Peter Winther Schrøder is a director at Saxo Bank A/S, where he is responsible for all risk management within the group. He has held various executive risk management positions in the banking and insurance industry over the past twenty years where he gained comprehensive practical experience in all aspects of financial and operational risk management. He is also a part-time associate professor at the Copenhagen Business School.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2010
• Language: English
• ISBN 10: 0521114241
• ISBN 13: 9780521114240
• Binding: Hardcover
• Number of pages: 268