Operational Resilience: the Art of Risk Management Think, Adapt, Win - Hardcover

IBM

Hardcover

ISBN 10: 0852976917 ISBN 13: 9780852976913

Publisher: Financial World Publishing, 2001

Synopsis

In the past 10 years, the financial industry has experienced tremendous changes. It is more global, more integrated, more competitive and also more complex to describe. In this context, financial institutions need to adapt quickly to survive and grow. It has become apparent that the traditional business models will not necessarily guarantee success in the future. The commoditisation of complex financial products and the reduction of margins and commissions will push them to take more risks. And Wwithin thisat economic environment, the optimisation of economic capital becomes key to maintain a competitive advantage.

At the same time, there is an increasing requirement from more transparency and the Basle II Accord is just an illustration of where the industry is goingleading in terms of disclosure and risk reporting requirements.

This requires financial institutions to significantly improve their ability to efficiently measure and manage financial and non-financial risks. Indeed, risk now becomes a central element of any business strategy.

Although, the financial industry is now rather familiar with the methods and processes required for managing market and credit risk, there is still a lot to learn about improving operational resiliency.

About this title

About the Author

Mike Brookbanks is affiliated with IBM.

Edition details

• Publisher: Financial World Publishing
• Publication date: 2001
• Language: English
• ISBN 10: 0852976917
• ISBN 13: 9780852976913
• Binding: Hardcover
• Number of pages: 192