Mitigating risk

Book

Understanding the Financial Crisis: Investment, risk and governance
Publication date: 17 August 2009

The severity of the financial crisis has left academics and practitioners around the world in a state of confusion. What happened?

Many people worldwide have lost their homes, their jobs, their savings and not least their confidence in the financial sector and the laws and entities regulating it. What are the prospects for the next few years? Is new financial regulation required to combat future crises? Should banks and companies change their risk management and governance practices?

This book gives suggestions as to why the financial crisis happened. It presents thoughts, proposals and recommendations on how to avoid similar, future meltdowns in the financial sector and markets and discusses the severity of the resulting negative impact on the real economy which the world has been seeing.

Renowned industry experts, including Ingo Walter, Renée Adams, Jean Dermine, David Lando and John Hull among others, share their expertise and provide insightful reflections. The contents of this book are highly relevant for anyone who has a stake or interest in the global financial industry – not least for the understanding of the past as well as for the decisions they will have to take in the future.

'Understanding the financial crisis: Investment, risk and governance' is available from amazon.co.uk and amazon.com.

The book is the first in a series of three, published by SimCorp StrategyLab, resulting from its research programmes within the investment management industry.

For more information regarding the book, download a pdf here.

The book has been reviewed by Samuel Riding, Asia Asset Management in the September 2009 volume. Download book review as pdf.

Press release can be found in pdf format here.

Survey

Report on Global Investment Management Risk Survey 2009:
past, present and future
Publication date: 27 March 2009

As a part of the research program for 2009, and in order to clarify the state of risk management in the context of the ongoing financial crisis, SimCorp StrategyLab in cooperation with The Nielsen Company conducted in February/March 2009 a global risk management survey across the investment management industry.

The SimCorp StrategyLab Global Investment Management Risk Survey 2009 shows a tendency to seek to manage and alleviate risk by attempting to isolate it to the risk management function rather far down in the engine rooms of the investment management institutions. At the same time, as a result of increased risk governance ambitions, investment management institutions’ executives request that ‘risk management engines’ run faster than before - despite the fact that there is now more work to do with an apparent insufficient amount of resources and competences. The SimCorp StrategyLab survey suggests an integrated approach to risk management and further that risk management is regarded a true strategic discipline.

Download report*

*(The report is distributed by SimCorp A/S. Please note that you will be transferred to www.simcorp.com when signing up.)