Rogues of Wall Street: How to Manage Risk in the Cognitive Era
| Author | : | |
| Rating | : | 4.99 (924 Votes) |
| Asin | : | 1119380146 |
| Format Type | : | paperback |
| Number of Pages | : | 240 Pages |
| Publish Date | : | 2017-07-26 |
| Language | : | English |
DESCRIPTION:
ANDREW WAXMAN is an associate partner in IBM's Financial Services Risk and Compliance consulting practice with over 20 years of experience, in the United States and the United Kingdom, helping financial services organizations manage complex business issues. Andrew has written on risk and banking issues in industry journals, such as American Banker and Wall Street and Technology, for many years.
Amazon Customer said 5 Star Endorsement for the Rogues of Wall Street. Andrew Waxman brings a diverse range of sources to the topic of risk management on Wall Street from Manchester United soccer coach, US Senate, etc. He succeeds in explaining things in simple terms to the reader who is new to this area, while also bringing new ideas to the table for those who practice in this field. "@AndrewWaxman nailed it! Take it from someone who's been there!" according to Diana Merenda. Andrew Waxman nailed it! I have known and worked with this brilliant author of Rogues of Wall Street for many years on Wall Street. As an industry veteran myself with the scares to prove it, I can tell you that Andrew has my and others’ respect as a seasoned banking operations and risk practitioner with exce. Operational Risk Guide Zi Dong Fan Long time risk columnist for American Banker's BankThink, we should be happy that Andrew Waxman has written this long overdue book on the subject of risk on Wall Street. As a veteran of Wall Street and risk management, Waxman has a wealth of experience and expertise to draw upon and he uses it to illuminate a wide
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 causesInvestigate the tools that allow organizations to prevent and mitigate catastrophic eventsLearn how culture and governance can be optimized to support effective risk managementIdentify ways in which cognitive technologies could help your firm avoid lossesCognitive 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. Reduce or prevent risk failure losses with new and emerging technologiesRogues of Wall Street analyzes the recent risk failures and errors that have overwhelmed Wall Stre
From rogue trading and price manipulation to Madoff, the mortgage crisis, and more, one thing is clear—the solutions to effective risk management depend on people acting lawfully and operating with timely, accurate data capable of highlighting emerging internal and external threats. . Next, it takes you through the most innovative tools and tactics now being used to guard against losses and reputational damage and demonstrates how you can use them to identify risky behaviors at your institution. The first part of the book is an illuminating primer, leveraging only publicly available sources, to the high-profile catastrophes that shook investment houses and securities firms, including the major players, underlying factors, and ways to prevent similar events in the future. From the Inside FlapThe last decade has seen the financial markets reshaped by innovations in technology and financial engineering as well as the resulting risk failures and errors of a changing industry. R