Image of Post-Crisis Risk Management: Bracing for the Next Perfect Storm


Post-Crisis Risk Management: Bracing for the Next Perfect Storm

This important book brings a fresh perspective to risk management frameworks in the aftermath of the recent crisis. Written by a leading expert with PricewaterhouseCoopers, the book argues that past reactions to crises are inappropriate in the new world of finance. Post-Crisis Risk Management identifies four primary issues that need to be solved:

an inappropriate use of risk-expressing techniques such as VaR and stress testing for risk communication;
the regulatory and supervisory authorities’ vague stance on the degree of stresses to be assumed by financial institutions;
the financial institutions’ and regulators’ insufficient analysis of root causes of crisis ; and
the lack of incentive mechanism to discourage financial institutions from generating financial bubbles.
Based on these findings, the book argues for the macroprudential policies that consist of 1) clarifying the burden-sharing of extreme stresses between banks and regulators, thereby minimizing the room for moral hazard; and 2) introducing a proactive macroprudential policy to smooth cyclical effects.

In addition, the book argues for the microregulatory policies that consist of 1) establishing a stress evaluation technique that can support the implementation of macroregulatory policies; and 2) introducing a compensation scheme for senior managers of banks that encourages them to establish a long-term strategy.


62801 C.1658.155 OYA PLibrary Lantai 3Tersedia

Informasi Detil

Judul Seri
No. Panggil
658.155 OYA P
Penerbit John Wiley & Sons, Inc : Singapore.,
Deskripsi Fisik
240 hlm.
Tipe Isi
Tipe Media
Tipe Pembawa
Info Detil Spesifik
Pernyataan Tanggungjawab

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