Heads or Tails (Paperback)

Language: English

Published by Taylor & Francis Ltd, London, 2016

1138272647 / 9781138272644

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Paperback. In the wake of the global financial crisis, Heads or Tails 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. Dr Evgueni Ivantsov 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. The author also 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; How modern management practices, regulation and risk and business culture need to change to guarantee sustainability. While the context of Dr Ivantsovs 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.). Until the shortcomings of current risk management and regulation are resolved, financial services and other at risk industries will repeat the painful mistakes of the past, over and over again. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.…

Seller Inventory # 9781138272644

Title
Heads or Tails (Paperback)
Author
Evgueni Ivantsov
Publisher
Taylor & Francis Ltd, London
Publication year
2016
Condition
new
Binding
Paperback
Language
English
ISBN 10
1138272647
ISBN 13
9781138272644

AussieBookSeller

Truganina, VIC, Australia

5-star seller

AbeBooks seller since June 22, 2007

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The Nile Group Pty Ltd

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Truganina, VIC Australia 3029