Conceptual Model: Banks Borrowing HRO Strategies from Disruption-Prone Corporates for Managing Extreme Events

Pascal vander Straeten

Chapter Chapter 7 in HRO Strategies for Resilient Risk Management in Banking, 2026, pp 155-180 from Palgrave Macmillan

Abstract: Abstract To better understand the environmental drivers and how they can improve the design of existing risk management techniques that deal with extreme events in an uncertain and complex environment, a theoretical framework that integrates principles of high-reliability organizations (HRO) to engineer resilience is an essential component of apprehending the current banking environment. The advocated resilient risk management framework also emphasizes the need to adopt both a compound approach when managing risks from extreme events, as extreme events tend increasingly not to occur as single hazards, as well as an integrative approach. Indeed, this proposed framework for banks intents to integrate the existing risk management techniques to address extreme events with the non-predictive risk management concepts embodied by the advocated HRO strategy.

Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-032-11968-1_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9783032119681

DOI: 10.1007/978-3-032-11968-1_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().