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By Evgueni Ivantsov

within the wake of the worldwide monetary hindrance, Heads or Tails solutions the query: what alterations may still monetary associations endure to make sure trustworthy defense opposed to severe dangers? fresh huge disasters between huge and revered monetary associations, basically reveal that modern hazard administration and rules fail to supply sufficient responses to the demanding situations set by way of severe hazards. Dr Evgueni Ivantsov combines research of the character of utmost hazard (so-called tail risk), probability administration practices and useful ideas to construct a powerful, enterprise-wide, severe threat administration framework along with 3 strains of defence, starting from strategic to tactical, designed to assist deal with the tail probability in the course of various levels of its improvement. the writer additionally discusses: ¢ Why smooth ’sophisticated’ threat administration frameworks, robust capitalisation and liquidity don't hinder banks from failure within the face of systemic concern; ¢ What it skill to construct an efficient defence opposed to systemic and catastrophic losses; ¢ What danger structure may still appear like to make sure that severe threat occasions are pointed out early and successfully mitigated; ¢ How smooth administration practices, legislation and hazard and company tradition have to switch to assure sustainability. whereas the context of Dr Ivantsov’s writing is monetary prone, the ebook includes a big message for experts from any industries uncovered to the intense hazards (oil/gas, strength, mining, chemical productions, transportation, etc.). until eventually the shortcomings of present probability administration and rules are resolved, monetary companies and different in danger industries will repeat the painful errors of the prior, again and again again.

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Heads or Tails: Financial Disaster, Risk Management and Survival Strategy in the World of Extreme Risk by Evgueni Ivantsov

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