1.

Record Nr.

UNINA9910786851603321

Autore

Vit Gregory B.

Titolo

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

Pubbl/distr/stampa

New York : , : Routledge, , 2013

ISBN

1-136-44595-1

0-203-12461-8

1-136-44596-X

Descrizione fisica

1 online resource (160 p.)

Disciplina

332.1068/1

Soggetti

Financial institutions - Risk management

Banks and banking - Risk management

Financial services industry - Risk management

Risk management

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

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.

Sommario/riassunto

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