In the wake of the worldwide monetary obstacle, Heads or Tails solutions the query: what alterations may still monetary associations suffer to make sure trustworthy safety opposed to severe risks?

Recent titanic disasters between huge and revered monetary associations, in actual fact show that modern danger administration and rules fail to supply enough responses to the demanding situations set through severe risks.

Dr Evgueni Ivantsov combines research of the character of utmost probability (so-called tail risk), hazard administration practices and sensible recommendations to construct a strong, enterprise-wide, severe hazard administration framework consisting of 3 traces of defence, starting from strategic to tactical, designed to aid handle the tail probability in the course of diversified levels of its development.

The writer additionally discusses:

• Why sleek ‘sophisticated’ threat administration frameworks, robust capitalisation and liquidity don't hinder banks from failure within the face of systemic situation;
• What it capacity to construct an efficient defence opposed to systemic and catastrophic losses;
• What danger structure should still seem like to make sure that severe danger occasions are pointed out early and successfully mitigated;
• How glossy administration practices, rules and probability and enterprise tradition have to switch to assure sustainability.

While the context of Dr Ivantsov’s writing is monetary prone, the e-book comprises an incredible message for experts from any industries uncovered to the extraordinary hazards (oil/gas, power, mining, chemical productions, transportation, etc.).

Until the shortcomings of present hazard administration and law are resolved, monetary companies and different in danger industries will repeat the painful blunders of the prior, many times again.