Systemic Risk

Malcolm Kemp is Founder and Managing Director of Nematrian Ltd, a consulting firm delivering services to the quantitative finance and actuarial communities. Previously, he was Director and Head of the Quantitative Research Team at Threadneedle Asset Management, responsible for its portfolio risk measurement and management activities. He is a leading expert on derivatives, performance measurement, risk measurement, liability driven investment and other quantitative investment techniques. Malcolm is a Fellow of the Institute of Actuaries, a Chartered Enterprise Risk Actuary, an Adjunct Professor at Imperial College Business School and a member of the Advisory Scientific Committee of the European Systemic Risk Board.

Preface 1. Introduction 2. The financial sector canvas: similarities and differences between sectors 3. How the canvas can be damaged: systemic risk, its causes and links to other risks 4. Regulator and government responses: macro-prudential policy and other drivers 5. Network effects: the technological and societal environment 6. Measuring systemic risk: 'big data' challenges and network complexities 7. Managing systemic risk: tools and techniques for firms, risk managers and regulators 8. Profiting from systemic risk: adapting business models to respond to systemic risk