Tail Risk Management by Pascal vander Straeten
Building A Resilient Financial Business In A Volatile World

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...the book’s clear common sense and advocacy of bold thinking in the face of uncertainty compensate for a perhaps unavoidable level of wonkishness.
-Kirkus

Synopsis

Although quantitative methods are used most often in risk assessment, their usefulness wanes in the realm of tail risk management. To effectively mitigate extreme risks and preserve a firm’s survivability, the focus must be on building a resilient business model.

Over the last ten years, large and well-respected financial institutions have experienced failure in the face of tail risks, revealing the inadequate protection provided by current practice. More than just capital management, tail risk management takes a qualitative approach that involves business strategy.

In Tail Risk Management, author Pascal M. vander Straeten, a twenty-five-year financial services veteran and founder of consulting firm Value4Risk, pulls best practices from across industries to provide a new risk management framework. These principles will guide a business toward necessary changes in modern management practices, regulations, and cultures that can be applied on an enterprise-wide basis, addressing extreme risks at any stage in their development.

In the face of a systemic crisis, a resilient business model will provide strong lines of defense against failure. Unquantifiable uncertainties will always exist, and traditional risk management approaches are not adequate. Using this extensive guide, learn what needs to change and why—and how to implement a potentially business-saving strategy.

 

About Pascal vander Straeten

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Published July 25, 2017 by Value4Risk LLC. 226 pages
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Kirkus

Below average
on Jul 25 2017

...the book’s clear common sense and advocacy of bold thinking in the face of uncertainty compensate for a perhaps unavoidable level of wonkishness.

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