LEADER 04434oam 2200709M 450 001 9910457553403321 005 20200324081412.0 010 $a1-315-58544-8 010 $a1-317-12600-9 010 $a1-283-28200-3 010 $a9786613282002 010 $a1-4094-2967-9 035 $a(CKB)2550000000048507 035 $a(EBL)770990 035 $a(OCoLC)756484172 035 $a(SSID)ssj0000554810 035 $a(PQKBManifestationID)12206561 035 $a(PQKBTitleCode)TC0000554810 035 $a(PQKBWorkID)10517500 035 $a(PQKB)10150414 035 $a(MiAaPQ)EBC770990 035 $a(Au-PeEL)EBL770990 035 $a(CaPaEBR)ebr10495706 035 $a(CaONFJC)MIL328200 035 $a(OCoLC)1082172000 035 $a(OCoLC-P)1082172000 035 $a(FlBoTFG)9781317126010 035 $a(EXLCZ)992550000000048507 100 $a20181112h20182011 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aGovernance and Control of Financial Systems $ea Resilience Engineering Perspective /$fedited by Gunilla Sundstro?m and Erik Hollnagel 205 $aFirst edition. 210 1$aBoca Raton, FL :$cCRC Press,$d[2018] 210 4$dİ2011 215 $a1 online resource (211 p.) 225 1 $aAshgate studies in resilience engineering 300 $aDescription based upon print version of record. 311 $a1-4094-2966-0 320 $aIncludes bibliographical references and index. 327 $aCover; Contents; List of Figures and Tables; Prologue; 1 The Turmoil in the Financial Services System; SECTION I Understanding Why: The Need for New Perspectives; SECTION II Understanding What: Making Sense of Unpredictable Events and Developments; SECTION III Understanding How: Turning Financial Services Systems into Resilient Systems; Epilogue: Financial Markets and the Law of Requisite Variety; References; Index 330 3 $aThe recent financial crisis has made it paramount for the financial services industry to find new perspectives to look at their industry and, most importantly, to gain a better understanding of how the global financial system can be made less vulnerable and more resilient. The primary objective of this book is to illustrate how the safety science of Resilience Engineering can help to gain a better understanding of what the financial services system is and how to improve governance and control of financial services systems by leveraging some of its key concepts. Resilience is the intrinsic ability of a system to adjust its functioning prior to, during, or following changes and disturbances, so that it can sustain required operations under both expected and unexpected conditions. This definition is focused on the ability to function, rather than just to be impervious to failure, and thereby bridges the traditional conflict between productivity and safety. The core concept of the book is that the behaviour of the financial services system is the result of the tight couplings among the humans, organizations and technologies that are necessary to provide complex financial functions such as the transfer of economic resources. It is a consequence of this perspective that the risks associated with these systems cannot be understood without considering the nature of these tight couplings. Adopting this perspective, the book is designed to provide some answers to the following key questions about the financial crisis: - What actually happened? - Why and how did it happen? - Could something similar happen again? How can we see that in time and how can we control it? - How can sustainable recovery of the global financial system be established? How can its resilience be improved? 410 0$aAshgate studies in resilience engineering. 606 $aFinancial services industry$xManagement 606 $aFinancial services industry$xLaw and legislation 606 $aFinancial crises 608 $aElectronic books. 615 0$aFinancial services industry$xManagement. 615 0$aFinancial services industry$xLaw and legislation. 615 0$aFinancial crises. 676 $a332.1 702 $aSundstro?m$b Gunilla 702 $aHollnagel$b Erik 801 0$bOCoLC-P 801 1$bOCoLC-P 906 $aBOOK 912 $a9910457553403321 996 $aGovernance and Control of Financial Systems$92263481 997 $aUNINA