The risk in risk management : financial organizations & the problem of conformity / Gregory B. Vit.

Format:

Book

Author/Creator:

Vit, Gregory B., author.

Language:

English

Subjects (All):

Financial institutions--Risk management--Case studies.

Financial institutions.

Banks and banking--Risk management--Case studies.

Banks and banking.

Financial services industry--Risk management--Case studies.

Financial services industry.

Risk management--Case studies.

Risk management.

Physical Description:

1 online resource (160 p.)

Edition:

1st ed.

Other Title:

The risk in risk management : financial organizations and the problem of conformity

Place of Publication:

New York : Routledge, 2013.

Language Note:

English

Summary:

Banks take very large risks by consistently herding in the same perilous directions while believing they are safe and unique. This book presents a risk management framework to understand conformity and deviance within investment banks and other large organizations. It suggests that some groups understand the dynamics of this conformity to their advantage. This requires a deeper understanding of the risk in risk management. Fraudsters can game the system to their advantage legally and illegally; therefore risk managers must understand the interplay of multiple logics in order to govern and m

Contents:

1. The problem of conformity in financial organizations

2. The Holistic Risk Management Model (HRMM)

3. Institutional risk management

4. Contrarian risk management and fraud

5. Evolutionary risk management

6. Evolutionary risk management

7. Contrarian risk management

8. Conclusions regarding the risk in risk management.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on metadata supplied by the publisher and other sources.

ISBN:

1-136-44595-1

0-203-12461-8

1-136-44596-X

9780203124611

OCLC:

847527157