Managing Extreme Financial Risk

Karamjeet Paul
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Karamjeet Paul: Founder, Strategic Exposure Group

in Elsevier Monographs from Elsevier, currently edited by Candice Janco

Abstract: Managing Extreme Financial Risk addresses the need for better management strategies in light of increased market risk and volatility in financial institutions' revenue models. Top officials from the financial and regulatory industries point to real corporate issues, showing how institutions react to financial crises. From first-hand experiences, they explain how effective sustainability management does not just prevent being blindsided; it also leads to proactive solutions that enhance an institution's strength to weather a sudden financial crisis, add significant shareholder value, and reduce systemic risk. Readable, coherent, and logical, Managing Extreme Financial Risk shows how extreme risk needs to be handled when the cost of being wrong means the difference between life and death of the institution. Based on the firsthand experiences and perspectives of senior-level executives Concentrates on extreme risk, when the cost of being wrong is not the loss of profits, but the death of the institution Written to be easily understood without algorithms, models, and quants

Keywords: 2008 crisis; AIG; Andrew Haldane; Bank of England; Basel III; Business interruption; Capital; Chaos theory; Citicorp; Competitive advantage; Continental Bank; Contingency; Credit policy; Effective sustainability management; Financial institutions; Financial risk; Flexibility; Gap management; Going concern; Implementation; Interest rate gap; Linearity; Market risk; Nonlinearity; Normality; Organization focus; Penn Square Bank; Planning; PML; Predictive models; Probable maximum loss; programs; Quant models; Quantifiable uncertainty; Readiness; Regulators; Regulatory interest; Regulatory requirements; Risk governance; Risk intermediation; Risk management; Securitization; Shareholder value; Stress testing; Sustainability management; Systemic risk; Tail risk; Tail risk Sustainability; The Dog and the Frisbee; Uncertainty; Unquantifiable uncertainty; Vasileios Madouros (search for similar items in EconPapers)
Date: 2013 Originally published 2013-09-25.
Edition: 1
ISBN: 978-0-12-417221-0
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Citations: View citations in EconPapers (1)

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