Risk and Financial Catastrophe

1. Front Matter

   Pages i-viii

   PDF

2. The Nature of Catastrophe

   1. Front Matter

      Pages 1-1

      PDF

   2. Taxonomy of Risk

      • Erik Banks

      Pages 3-20

   3. Catastrophes

      • Erik Banks

      Pages 21-42

   4. Financial Catastrophe

      • Erik Banks

      Pages 43-74

3. The Risk Framework

   1. Front Matter

      Pages 75-75

      PDF

   2. The Risk Management Process

      • Erik Banks

      Pages 77-96

   3. Models, Metrics, and Limitations

      • Erik Banks

      Pages 97-118

4. Practical Management

   1. Front Matter

      Pages 119-119

      PDF

   2. Past Catastrophes

      • Erik Banks

      Pages 121-164

   3. Lessons Learned and Prescriptive Measures

      • Erik Banks

      Pages 165-185

   4. The Future of Risk Management

      • Erik Banks

      Pages 186-192

5. Back Matter

   Pages 193-213

   PDF

The risk process commonly used in the corporate world to deal with risks may be suitable for non-catastrophic events, but not for extreme events. By analyzing a series of past disasters and the relevant 'lessons learned', this books proposes a series of prescriptive measures to cope with future disasters.

• management
• Risk Management
• science and technology
• banking

ERIK BANKS is responsible for group market risk and investment banking credit risk at the European universal bank UniCredit. Over the past 23 years, he has held senior risk positions at Citibank, Merrill Lynch and in the hedge fund sector, in New York, Tokyo, Hong Kong, London and Munich. He is the author of more than 20 books on risk, derivatives, emerging markets and governance.

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