Case Study 2: Cash Depot and Third Party Risk

Terje Aven () and Ortwin Renn ()
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Terje Aven: University of Stavanger
Ortwin Renn: University of Stuttgart

Chapter Chapter 12 in Risk Management and Governance, 2010, pp 215-227 from Springer

Abstract: Abstract A company, NOKAS, performs both Norwegian central bank tasks and other cash processing services for private banks. In April 2004 NOKAS was just to move into new premises in the city of Stavanger when a robbery at one of the existing facilities took place. Approximately seven million Euros were taken, and one policeman was killed during the attack. This brutal robbery gave rise to a huge concern among the neighbors of the new NOKAS facility which resides in a residential area, and is located only eight metres from a kindergarten.

Keywords: Cash Holding; Criminal Group; City Manager; Risk Appraisal; Major Accident (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:rischp:978-3-642-13926-0_12

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DOI: 10.1007/978-3-642-13926-0_12

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