Crisis Wasted? Leading Risk Managers on Risk Culture

Crisis Wasted? Leading Risk Managers on Risk Culture

by Frances Cowell, Matthew Levins
Released December 2015
Publisher(s): Wiley
ISBN: 9781119115854

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Book description

Effective risk management in today’s ever-changing world

Crisis Wasted? Leading Risk Managers on Risk Culture sheds light on today’s risk management landscape through a unique collection of interviews from risk leaders in both the banking and investment industries. These interviews zero in on the risk culture of organisations, effective risk management in practice, and the sometimes paradoxical effects of new regulations and how they affect decision-making in financial organisations They offer genuine insight into regulatory processes and priorities and their implications for the stability of the global financial system. As trending topics in the risk management field, each of these subject areas is relevant to the work of today’s risk management professionals. In addition to the forward-focused text, this reference provides access to a wealth of premium online content.

Risk management has become an area of focus for companies since the financial crises that shook the international community over the past decade, but, despite high levels of introspection and changes to key processes, many financial houses are still experiencing large losses. Understanding today’s risk environment can help you improve risk management tactics.

  • Access essential information both in print and online
  • Discover the most important topics in today’s risk management field
  • Explore interviews with 1 risk management leaders
  • Learn about ground-breaking recent innovations in risk management thinking

Crisis Wasted? Leading Risk Managers on Risk Culture is an integral resource for professionals responsible for minimising organisational risk, as well as those who want to better understand the risk culture of today’s world.

Table of contents

  1. Preface
    1. Themes and questions
    2. Research
    3. Engaging the faculty of interviewees
    4. Execution
  2. Acknowledgements
    1. Notes
  3. About the Authors
  4. 1 Setting the Scene
    1. Notes
  5. 2 Background
    1. Behaviour
    2. Modelling and measurement
    3. Regulation
    4. Notes
  6. 3 Sir Michael Hintze
    1. Notes
  7. 4 John Breit
    1. Notes
  8. 5 Bill Muysken
    1. Notes
  9. 6 Hugo Bänziger
    1. Notes
  10. 7 Carol Alexander
    1. Notes
  11. 8 Mark Lawrence
    1. Notes
  12. 9 Paul Bostok
    1. Notes
  13. 10 Todd Groome
    1. Notes
  14. 11 Richard Meddings
    1. Notes
  15. 12 Adrian Blundell-Wignall
    1. Notes
  16. 13 Innovations
    1. How to analyse risk appetite and risk tolerance
    2. How to quantify risk appetite for an economy
    3. Why models seem to fail
    4. How to quantify illiquidity
    5. Signals of market instability
    6. Analysis of connectivity and contagion
    7. Notes
  17. 14 Interpretation
    1. Opportunity wasted?
    2. Failure of regulation
    3. What has been done so far and how useful is it?
    4. Watering down
    5. The burden of rules
    6. Paradoxical and counterproductive
    7. Could go either way
    8. Time to reflect on theoretical underpinnings
    9. Tower of Babel
    10. Limits to regulation
    11. Notes
  18. A Risk Silos
    1. Investment risk
    2. Liquidity risk
    3. Counterparty risk
    4. Operations risk
    5. Legal and compliance risk
    6. Note
  19. B The Mechanics of Selected Financial Products
    1. Exchange-traded v over-the-counter transactions
    2. Swaps
    3. Securitisation and collateralisation
    4. Asset-Backed Securities (ABS)
    5. Structured Investment Vehicle (SIV)
    6. Collateralised Debt Obligations (CDO) and Collateralised Loan Obligations (CLO)
    7. “Do it yourself” structured products
    8. Options and option implied volatility
    9. Volatility and variance swaps
    10. Option replication
    11. Gaussian Copulas
    12. Notes
  20. C Basel I, II and III – Risk Weightings
    1. Note
  21. Glossary of Terms
  22. Glossary of People
  23. Further Reading
  24. Bibliography
  25. Index
  26. EULA

Product information

  • Title: Crisis Wasted? Leading Risk Managers on Risk Culture
  • Author(s): Frances Cowell, Matthew Levins
  • Release date: December 2015
  • Publisher(s): Wiley
  • ISBN: 9781119115854