{"product_id":"9783032119674","title":"Palgrave Macmillan Studies in Banking and Financial Institutions: A Compound Integrative Risk Governance on the Management of Extreme Events","description":"\u003ch1\u003ePalgrave Macmillan Studies in Banking and Financial Institutions: A Compound Integrative Risk Governance on the Management of Extreme Events\u003c\/h1\u003e \u003ch2\u003evander Straeten, Pascal\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\"\u003eThis book introduces resilience-based concepts and high reliability organization (HRO) principles—adapted from disruption-prone industries—to improve risk management for tail or extreme events in U.S. globally systemically important banks (G-SIBs). HROs thrive in volatile environments by prioritizing adaptability, vigilance, resilience, and safety. Given that both G-SIBs and disruption-prone companies operate in increasingly uncertain and complex settings, there is a shared need for risk management techniques centered on resilience engineering to anticipate and mitigate unexpected extreme events. While G-SIBs are “too big to fail” and provide valuable insights into resilience in high-stakes scenarios, these approaches can benefit banks of all sizes facing similar risks.\u003c\/p\u003e\n\u003cp class=\"MsoNormal\"\u003eThe book explores the social world of banking and management, emphasizing the subjective nature of risk as people interpret events differently. Through surveys, interviews, and case studies, the research identifies growing interest in non-predictive risk methods for bank resilience. It recommends supplementing existing quantitative risk models with a transdisciplinary approach focused on non-predictive HRO principles to help banks prevent and mitigate extreme risks. The study finds that current G-SIB risk methods rely heavily on quantitative models, which may create a false sense of security. Additionally, extreme events are increasingly compound and often driven by human behavior. The book \u003cspan style=\"mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; color: black;\"\u003etargets scholars and professionals seeking advances in resilience engineering within banking.\u003c\/span\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2026-04-07\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783032119674\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-032-11968-1\u003c\/p\u003e \u003cp\u003eDimensions: 210cm x148cm\u003c\/p\u003e \u003cp\u003ePages: 253\u003c\/p\u003e ","brand":"Springer Nature Switzerland","offers":[{"title":"Default Title","offer_id":44698797506700,"sku":"9783032119674","price":125.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783032119674_5a271a04-a66f-42c5-98f4-c2541b1ff7d3.jpg?v=1777380425","url":"https:\/\/lateknightbooks.com\/products\/9783032119674","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}