Beschrijving
The 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. 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. Rogues of Wall Street takes you inside the biggest operational risks threatening the banking industry today and prescribes a state-of-the-art approach to stopping them all and mitigating future events with cognitive technologies.
Written by one of IBM’s top thought leaders in financial strategy, Andrew Waxman, this immediately useful guidebook offers peerless access and insight into how experts on the cutting edge of risk management are efficaciously tackling and preventing the new hazards in banking. 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. 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. No other single resource enables you to more quickly find and completely fortify your vulnerabilities by:
- Using psychological insight and data analytics to create employee incentives and programs to drive improved outcomes and prevent risky behaviors
- Applying analytic cognitive technology to drastically heighten surveillance of trades and communications
- Implementing and sustaining a 360-degree risk culture with practical guidance from real-world examples and powerful tools
Rogues of Wall Street pulls back the curtain on the bad actors contributing to your operational risk and gives you the tools and know-how to develop a culture where they can’t exist.
