Heads or Tails
Regular price
€192.20
A01=Evgueni Ivantsov
Actual Gdp Growth
Asset Correlation
Author_Evgueni Ivantsov
Basel Ii
Basel III
catastrophic loss prevention
Category=KJK
Category=KJMV1
Default Correlation
driver
Economic Capital Models
enterprise risk framework
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
event
extreme
extreme financial crisis analysis
Extreme Risk
Extreme Risk Events
financial
financial regulation failures
Flawed Business Model
Gdp Growth
Group CEO
Hypo Real Estate
important
institutions
Joint Default Probability
management
Norse Vikings
northern
OCC
Portfolio Risk Models
Pr Ic
quantitative risk modelling
Risk Appetite
Risk Appetite Statement
risk culture transformation
Risk Weighted Assets
rock
Stress Scenario
systemic risk management
systemically
Systemically Important Financial Institution
Tail Risk
Tail Risk Event
UK Mortgage Market
Product details
- ISBN 9781409460732
- Weight: 816g
- Dimensions: 174 x 246mm
- Publication Date: 24 Oct 2013
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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In the wake of the global financial crisis, Heads or Tails answers the question: what changes should financial institutions undergo to ensure reliable protection against extreme risks? Recent massive failures among large and respected financial institutions, clearly demonstrate that contemporary risk management and regulation fail to provide adequate responses to the challenges set by extreme risks. Dr Evgueni Ivantsov combines analysis of the nature of extreme risk (so-called tail risk), risk management practices and practical solutions to build a robust, enterprise-wide, extreme risk management framework which includes three lines of defence, ranging from strategic to tactical, designed to help address the tail risk during different stages of its development. The author also discusses: ¢ Why modern ’sophisticated’ risk management frameworks, strong capitalisation and liquidity do not prevent banks from failure in the face of systemic crisis; ¢ What it means to build an effective defence against systemic and catastrophic losses; ¢ What risk architecture should look like to ensure that extreme risk events are identified early and efficiently mitigated; ¢ How modern management practices, regulation and risk and business culture need to change to guarantee sustainability. While the context of Dr Ivantsov’s writing is financial services, the book contains an important message for specialists from any industries exposed to the extreme risks (oil/gas, energy, mining, chemical productions, transportation, etc.). Until the shortcomings of current risk management and regulation are resolved, financial services and other at risk industries will repeat the painful mistakes of the past, over and over again.
Dr Evgueni Ivantsov is an internationally-recognised specialist in risk management. He is Chairman of the European Risk Management Council, a think tank of risk executives from leading financial institutions operating in Europe. He is also a member of the Advisory Group on Global Risks of the World Economic Forum. Dr Ivantsov works at Lloyds Banking Group as the Head of Portfolio Management and Strategy responsible for solutions mitigating risks and improving the portfolio risk/return profile. Prior to this role, he was the Head of Portfolio Risk and Strategy and the Head of Global Analytics at HSBC Group responsible for setting risk appetite, stress testing portfolios across HSBC European region and building risk models and tools for HSBC global portfolios. Prior to this, he worked as a Senior Manager of Credit Portfolio Group at ING Bank, and a Senior Financial Analyst of Large Corporate Rating Agency at BBL (Banque Bruxelles Lambert). Dr Ivantsov was an adjunct Professor of International Economics at Boston University and a Professor of Money, Banking and Credit at the United Business Institutes in Brussels. Evgueni Ivantsov holds MBA and a Ph.D. in Economics.
