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Hro Strategies for Resilient Risk Management in Banking: A Compound Integrative Risk Governance on the Management of Extreme Events

Hro Strategies for Resilient Risk Management in Banking: A Compound Integrative Risk Governance on the Management of Extreme Events

Hardcover

Series: Palgrave MacMillan Studies in Banking and Financial Institut

Business GeneralInvesting & Finance

Currently unavailable to order

ISBN10: 3032119677
ISBN13: 9783032119674
Publisher: Palgrave MacMillan
Published: Apr 7 2026
Pages: 253
Weight: 1.01
Height: 0.78 Width: 6.22 Depth: 8.51
Language: English
This 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.

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