Risk Culture: A Practical Guide to Building and Strengthening the Fabric of Risk Management

ISBN-13: 9781137263711 / Angielski / Twarda / 2012 / 180 str.

Erik Banks

Opis

Risk, or the uncertainty regarding a future event or outcome, characterizes much of what banks, industrial corporations, and governmental agencies must deal with on a daily basis. Indeed, failure to recognize, quantify and manage risk can lead to sometimes significant problems. The very fact that risk exists and has the possibility of creating negative results necessarily means that it has to be actively managed. And, while the quantitative models and governance frameworks used to manage risks are by now well established, the behavioral aspects, centered on the concept of risk culture, are often unclear and underdeveloped. Risk culture, which can be defined as an internal sensibility that reflects knowledge of, and respect for, risk, represents a new frontier in the evolving field of risk management. Risk Culture is a practical volume devoted to the qualitative aspects of risk management, including those that should be firmly embedded in the corporate culture. Through descriptions, examples and case studies, the book analyzes weak and strong cultures and proposes a series of structural and behavioral actions that can lead to the strengthening of a company's culture.

Spis treści

Successful Risk Management A First Look at Risk Culture Institutional and Regulatory Considerations Deficiencies and Problems I: Concepts Deficiencies and Problems II: Cases Building and Strengthening I: Structure and Governance Building and Strengthening II: Knowledge and Behavior Gauging Success and Progress Concluding Thoughts Selected References

O autorze

ERIK BANKS is an experienced practitioner and regular contributor to the literature in the field of financial risk management and regulation. He is currently Senior Risk Advisor for a major European universal bank, and has spent more than 25 years as an international banker, working at major financial institutions in New York, London, Tokyo, Hong Kong and Munich, in market and credit risk management roles. Erik is the author of over 20 books and numerous articles on financial risk management, insurance and regulation.