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Managing Extreme Financial Risk: Strategies and Tactics for Going Concerns


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#2361564 in eBooks 2013-09-16 2013-09-16File Name: B00FFFZ3NO2 of 2 people found the following review helpful. Do not underestimate this bookBy Lawrence BaxterI bought this book after reading a short review that intrigued me because of the interesting distinction the author draws between managing for catastrophic risk and managing for sustainability.The publishers have positioned this book, in its presentation and format, as one of the many "dime a dozen" works by consultants designed to provide quick and dirty, but ultimately not very insightful, sourcesnbsp;"...develops a simple but still effective framework for handling extreme financial risk. The introduction of the PMLmeasure enables companies to easily incorporate tail risk in their regular risk management and thereby positively contribute to their long-term survival chances."nbsp;--FinancialManaging Extreme Financial Risk addresses the need for better management strategies in light of increased market risk and volatility in financial institutions' revenue models.nbsp; 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 i...

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