Rogues of Wall Street How to Manage Risk in the Cognitive Era
Auteur : Waxman Andrew
Cognitive Risk analyzes the recent risk failures and errors that have overwhelmed Wall Street for the past decade. Written by a veteran risk, compliance, and governance specialist, this book helps bank leaders and consultants identify the tools they need to effectively manage operational risk. Citing different types of risk events such as: Rogue and Insider Trading, cyber security, AML, the Mortgage Crisis, and other major events, chapters in the first half of the book detail each operational risk type along with its causative and contributing factors. The second half of the book takes an overarching approach to the tools and solutions available to financial institutions to manage such events in the future. From technology, to culture, to governance, and more, this book does more than simply identify the problem it provides real–world solutions with actionable insight.
Expert discussion identifies the tools financial institutions have at their disposal, and how these tools can be leveraged to create an environment in which catastrophic events are prevented or mitigated. In–depth insight from an industry specialist provides thought–provoking guidance for leaders seeking more effective risk management, and specifically addresses how to:
- Analyze major operational risk incidents and their underlying causes
- Investigate the tools that allow organizations to prevent and mitigate catastrophic events
- Learn how culture and governance can be optimized to support effective risk management
- Identify ways in which cognitive technologies could help your firm avoid losses
Cognitive technologies have the potential to revolutionize the way business is done; eliminating the speed/cost/quality trade–off, these new and emerging tools are heralding the next leap in the evolution of risk management. Cognitive Risk shows you how bring these tools into your organization, and how they can contribute to your financial success.
Introduction: A Risky Business
About the Author
Chapter 1: The Historical Context
Chapter 2: The Rogue Trader
Chapter 3: Genius Traders: Who They Are and How to Catch Them
Chapter 4: Insider Trading
Chapter 5: Price Manipulation Risk: The Big Unknown
Chapter 6: The Mortgage Mess
Chapter 7: Ponzi Schemes and Snake Oil Salesmen
Chapter 8: Rogue Computer
Chapter 9: Funding the Bad Guys Winning the AML Battle
Chapter 10: Litigation and Big Data Risk
Chapter 11: Twitter Risk and Fake News Risk
Chapter 12: Spreadsheet Risk: Should We Ban Excel?
Chapter 13: Acts of God Risk
Chapter 14: Cybersecurity The Threat from Outside and Inside the Firewall
Chapter 15: Turning the Tables on Risk
Chapter 16: Building the Right Culture: Values, Organization, and Culture
Chapter 17: The 360–Degree Risk Management Function
Chapter 18: What We Talk about When We Talk about Risk
Chapter 19: The Future Is Unknowable, the Present Burdensome; Only the Past Can Be Understood
Chapter 20: The New Tools of the Trade
Chapter 21: Cognitive Technologies
Chapter 22: The Role of Government and Regulators in Managing Risk
Chapter 23: Case Studies and Guiding Principles in Planning for Disaster
Chapter 24: The Risk Management Society and Its Friends
Chapter 25: Conclusion: Seven Traits for Successfully Managing Cognitive Risk
Date de parution : 06-2017
Ouvrage de 240 p.
Disponible chez l'éditeur (délai d'approvisionnement : 12 jours).
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