Risikovurdering

Human societies are complex adaptive systems, the nature of which has important ramifications for the way in which countries organize themselves politically and arrange themselves economically.In Doomed To Fail Paul Shotton explains why liberal democracy is the least-bad political framework, and why every other political system will inevitably lead to war. Likewise, capitalism, which emerged naturally from the industrial revolution, is the least bad way for a polity to organize economically.Every attempt to improve upon or replace capitalism, however well intentioned, has led to economic disaster. That democracy and capitalism are symbiotic and aligned with the best interests of humanity stems from an underlying mechanism they share with the development of life on earth itself.Shotton then zooms-in on central banks to discuss the role they played in causing the Global Financial Crisis and, by virtue of their response to it, made the fallout much worse.As a result of their incompetence and arrogance, our political and economic elite risk the destruction of democracy and capitalism, which have been the source of all human progress since the dawn of humanity. He calls for renewed invigoration of the principles upon which America was founded if disaster for humanity is to be averted.

This book constitutes a selection of the best papers from the 15th International Conference on Business Excellence, Digital Economy and New Value Creation, ICBE 2021, held in Bucharest, Romania, in March 2021.This book is a collection of research findings and perspectives related to the digital economy and new value creation, led by the set of improvements and changes in the economic, societal and technological structures and processes towards the effort of reaching the sustainability goals.

The book "Financial Control Blueprint: Building a Path to Growth and Success" is a comprehensive guide that equips individuals and businesses with the knowledge and strategies to achieve financial stability, control, and long-term success. Written by an expert from experience and an extensive study in the field, this guide serves as a valuable resource for anyone seeking to master their finances and make informed decisions.The book begins by emphasizing the importance of financial control and highlights the common challenges people face when managing their money. It then introduces a step-by-step blueprint that enables readers to develop a solid foundation in financial management.Covering a wide range of topics, including budgeting, saving, debt management, investment strategies, and wealth creation, the guide provides practical tips, techniques, and real-life examples to illustrate key concepts and help readers apply them effectively.Throughout the book, readers will learn how to create and stick to a budget that aligns with their financial goals, effectively manage and reduce debt, and make intelligent investment decisions. The authors also emphasize the significance of financial planning for retirement, education, and emergencies.Moreover, the guide explores the importance of financial literacy and offers insights into improving money management skills. It discusses the power of compounding, understanding financial statements, and the benefits of diversification. Readers will also gain knowledge on evaluating financial risks and protecting their assets through insurance and other risk management techniques.The "Financial Control Blueprint" is designed to be accessible to readers of all backgrounds, regardless of their level of financial expertise. The information provided is practical, actionable, and presented in a clear and concise manner. By following the blueprint outlined in this guide, individuals and businesses can build a strong financial foundation, make sound financial decisions, and ultimately achieve growth and long-term success.

This is the 2nd Edition of UnBrokable* I. About 30% of contents has been deleted, revised and added. Chapter 7 was completely re-written.

Learn how to deploy information assurance risk management strategies that align with the National Institute of Standards and Technology¿s recommendations. This book will show you how to implement information assurance risk management strategies within your organization. Aimed at system administrators and cybersecurity practitioners, author Bradley Fowler first walks you through how to assess known risks in your organization, understand why using a risk mitigation security strategy control profile is essential, and how to create one for your organization. You will then learn how to develop a risk factor table, outlining descriptions for each risk factor within your organization and which software applications yoüll need to rely on for daily business communication and operations. You will also see how to assess and categorize the level of risk within each technology tool, as well as the impact of an information security breach on the organization. As you progress through the book, you'll review privacy issues relating to your organization, develop and manage a privacy compliance risk profile, and develop and manage a privacy compliance control profile. Additionally, you will gain insight into creating a privacy compliance risk mitigation strategy that helps protect your organization even as security threats evolve. Take the first step to safeguarding your company¿s highly valuable information assets today! What You'll LearnUnderstand what information assurance is and how it relates to risk management strategiesAssess, develop, implement, and manage risk management strategies for corporate information systems, technology, and cloud environmentsDevelop and utilize information usage profiles and risk factor tablesUnderstand the value of data encryption and usage of private and public key exchange for information assurance and security Who This Book Is ForInformation system and cloud architects responsible for developing, implementing, and managing corporate information systems and cloud environments.

Unternehmenskrisen gehören heutzutage zum Lebenszyklus eines Wirtschaftsunternehmens dazu. Es wird nicht mehr gefragt, ob ein Unternehmen von einer Krise getroffen wird, sondern viel mehr wann. Die vorliegende Studie zielt darauf ab, zu prüfen wie Mitarbeitende von Unternehmenskrisen betroffen sind und wie sich ihr informelles Kommunikationsverhalten auf ihre Krisenwahrnehmung und Krisenreaktion auswirkt. Die Ergebnisse einer quantitativen Online-Befragung in einem deutschen Großkonzern (n=3.970) verdeutlichen, wie Mitarbeitende Krisen in ihrem Unternehmen wahrnehmen und welche Einflüsse informelle Gespräche auf Wahrnehmung und Reaktion haben können.

This volume describes risk management practices in the construction industry in selected countries, with an emphasis on developing countries and how these countries can learn from the practices in more developed ones. Risk management in the construction industry can be difficult to understand due to the various complex procedures that are involved and to the unique concerns and contexts associated with each project. The industry has been a key contributor to the economic and social development of many countries of the world and is increasingly incorporating sustainability into its practices. However it is plagued by various risks that can affect the quality, cost, time and overall sustainability of projects. Therefore, there is need to effectively manage risk in order to ensure timely completion of construction projects in good quality and within budget, which in turn results in more efficient and often more sustainable practices. The book is divided into four parts. The first section features a primer on risk management practices as they pertain to the construction industry. The second part dives in to describe risk management in selected developing countries, including Malaysia, Qatar, Saudi-Arabia, South Africa, Sri-Lanka and Tanzania, as well as the city of Hong Kong. The third section describes the construction risk management practices of a selection of more developed countries with known risk management institutes and established practices of risk management. These countries include Australia, Canada, Sweden and United States of America. The fourth part offers a general overview of the definition, concepts and process of risk management based on reviewed literature. It also discusses the benefits of effective risk management to clients and to project teams, especially from the perspective of ensuring sustainability. This last section also summarizes the risk management practices in both developing and developed countries for the purpose of improving the practices in the former by learning from the latter.

This book comprises chapters authored by experts who are professors and researchers in internationally recognized universities and research institutions. The book presents the results of research and descriptions of real-world systems, services, and technologies. Reading this book, researchers, professional practitioners, and graduate students will gain a clear vision on the state of the art of the research and real-world practice on system dependability and analytics.The book is published in honor of Professor Ravishankar K. Iyer, the George and Ann Fisher Distinguished Professor in the Department of Electrical and Computer Engineering at the University of Illinois at Urbana-Champaign (UIUC), Urbana, Illinois. Professor Iyer is ACM Fellow, IEEE Fellow, AAAS Fellow, and served as Interim Vice Chancellor of UIUC for research during 2008-2011. The book contains chapters written by many of his former students.

"The first systematic treatment of model risk, this book provides the tools needed to quantify and assess the impact of model uncertainty. It will be essential for all those working in portfolio theory and the theory of financial and engineering risk, for practitioners in these areas, and for graduate courses on risk bounds and model uncertainty"--

This book tackles the problem of complexity within IT environments, i.e., "e;Cybercomplexity,"e; which is generally recognized as a principal source of cybersecurity risk. The book first defines complexity and simplifies its analysis by assuming a probabilistic approach to security risk management. It then proposes a simple model of cybercomplexity that is based on Shannon entropy, a basic concept in information theory. The key drivers of cybercomplexity emerge from this model, where these drivers reveal the scale-dependence of cybersecurity risk and explain why macroscopic security controls are required to address cybersecurity risk on an enterprise scale. The significant operational implications of cybercomplexity are also discussed, thereby providing both a theoretical framework and a practical guide to addressing this longstanding problem in cybersecurity risk management.        

This book examines the interpretation of the risk-based approach (RBA) and its application across the banking industry. It explores the ways conflicting risk interpretation and deconstruction of money laundering risk have unintended consequences across the banking industry. Furthermore, it offers a theoretical framework that can be adopted and implemented by risk practitioners to address money laundering (ML) risks. The interpretation and application of the RBA influences the way money laundering risk is perceived, presented, and managed, often resulting in misalignment among stakeholders. Moreover, AML practitioners interpret money laundering (ML) risk as an entity that can be contained, largely in ignorance of the fact that ML risk is self-referential.The book therefore addresses complex inter-system feedback phenomena that lead to de-risking and re-risking, and offers a new ML risk communication framework on this basis. It will be of value to researchers and also to stakeholders within financial institutions, financial intelligence units and regulators in the fight against money laundering.

This book offers the latest research results and predictions in data protection with a special focus on post-pandemic society. This book also includes various case studies and applications on data protection. It includes the Internet of Things (IoT), smart cities, federated learning, Metaverse, cryptography and cybersecurity. Data protection has burst onto the computer security scene due to the increased interest in securing personal data. Data protection is a key aspect of information security where personal and business data need to be protected from unauthorized access and modification. The stolen personal information has been used for many purposes such as ransom, bullying and identity theft. Due to the wider usage of the Internet and social media applications, people make themselves vulnerable by sharing personal data. This book discusses the challenges associated with personal data protection prior, during and post COVID-19 pandemic. Some of these challenges are caused by the technological advancements (e.g. Artificial Intelligence (AI)/Machine Learning (ML) and ChatGPT). In order to preserve the privacy of the data involved, there are novel techniques such as zero knowledge proof, fully homomorphic encryption, multi-party computations are being deployed. The tension between data privacy and data utility drive innovation in this area where numerous start-ups around the world have started receiving funding from government agencies and venture capitalists. This fuels the adoption of privacy-preserving data computation techniques in real application and the field is rapidly evolving. Researchers and students studying/working in data protection and related security fields will find this book useful as a reference.

In 1975, the U.S. Securities Acts Amendments were enacted by Congress, which amongst other measures, officially mandated development of a National Market System (NMS). Since that time, the competitive map has been redrawn, technological changes have been huge and pervasive in scope, and the landscape is ever-changing. This book looks at the evolution of NMS and the factors that have influenced it since its development. Titled after the Baruch College Financial Markets Conference, 40 Years of Experience with the National Market System (NMS): Who Are the Winners and What Have We Learned, the book examines the following questions: What is liquidity and how is it best measured and provided? Has NMS-Induced competition delivered? What is technology's challenge to regulators? Are fair and level playing fields a good regulatory goal? What is the buyside's view?The Zicklin School of Business Financial Markets Series presents the insights emerging from a sequence of conferences hosted by the Zicklin School at Baruch College for industry professionals, regulators, and scholars. The transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panelists and speakers are integrated for a complete thematic presentation. Each book is focused on a well delineated topic, but all deliver broader insights into the quality and efficiency of the U.S. equity markets and the dynamic forces changing them.

Cyberrisiken sind für Unternehmen weltweit das größte Geschäftsrisiko. Die zunehmende Wahrscheinlichkeit, von einem Cyberangriff betroffen zu werden, wirft die Frage der Absicherung potentieller Schäden durch Versicherungen auf. Vor diesem Hintergrund untersucht die Autorin anhand der Musterbedingungen des Gesamtverbandes der deutschen Versicherungswirtschaft zur Cyber-Risikoversicherung (AVB Cyber), inwieweit Cyberrisiken angemessen abgesichert werden können. Daneben widmet sie sich der Absicherung durch traditionelle Sach- und Haftpflichtversicherungen. Ein wichtiger Aspekt betrifft die Problematik um ¿silent cyber". Unter diesem Stichwort wird die Absicherung von Cyberrisiken durch konventionelle Versicherungen zusammengefasst, die diese Risiken weder ausdrücklich ein- noch ausschließen.

This textbook offers a detailed account of analytical models used to solve complex supply chain problems. It introduces a unique risk analysis framework that helps the reader understand the sources of uncertainties and use appropriate models to improve decisions in supply chains. This framework illustrates the complete supply chain for a product and demonstrates the supply chain's exposure to demand, supply, inventory, and financial risks. Step by step, this book provides a detailed examination of analytical methods that optimize operational decisions under different types of uncertainty. It discusses stochastic inventory models, introduces uncertainty modeling methods, and explains methods for managing uncertainty. To help readers deepen their understanding, it includes access to various supplementary material including an online interactive tool in Python. This book is intended for undergraduate and graduate students of supply chain management with a focus on supply chain analytics. It also prepares practitioners to make better decisions in this field.

This book provides the foundational knowledge essential for comprehending the functioning of financial markets and institutions and their current challenges. First, the book provides a general overview on the functioning of the EU financial system, examining financial markets and financial intermediaries¿ features and activity and their contribution to economic growth. It also outlines the evolution of the EU integration process, giving an overview of the most important regulatory steps related to the banking and financial system culminated in the creation of the Banking Union. Banking activity is also examined in the most important business areas: commercial versus investment banking. Lastly, the book introduces two important phenomena, which are currently characterizing the financial environment: FinTech and sustainable finance. Both FinTech and sustainable finance represent significant opportunities for the market and the operators, even if the challenges and risks associated arealso relevant. This underlines the need to understand their intensity and their potential impact on the functioning of the financial system as a whole.

This textbook provides a comprehensive introduction to portfolio management and investments. Focusing on four core areas ¿ portfolio management, equities, bonds, and derivatives ¿ it is primarily intended for undergraduate and graduate students alike. However, it will also benefit practitioners working in the fields of financial analysis and portfolio management and professionals who aspire to such professional activities in the financial industry. To ensure its high practical relevance, the book includes a host of case studies and examples from real-world practice, mainly from the German and Swiss financial markets. Additionally, the book shows how to implement the models in Microsoft Excel.

Our world is becoming ever more complex. Among the geopolitical and macroeconomic issues currently facing mankind, with serious ramifications for our future, are digitalization and technology, climate change, and globalization. Political upheaval, wars, natural disasters, economic recessions, and pandemics, have all had massive negative impacts on our society. In this new world, various governmental and organizational decisionmakers ¿ including managers, international agencies, NGOs, political leaders, economists, science & technology innovators, and medical professionals ¿ must all learn to anticipate and deal with these emergent risks, the integration of which, along with the management of ¿black swan¿ events, has assumed paramount importance. This is the huge challenge now facing us. This book, aimed at both academics and practitioners, shows how a framework for resilience can be created to help modern organizations to not only survive but to thrive. The author considers some of the organizations and bodies that can be said to be highly resilient and examines how ¿Resilience Thinking¿ affects different disciplines and environments. He addresses the question of how resilience works and how it is applied in practice. The relationship between resilience and other knowledge areas such as complexity theory, strategy, and risk management ¿ from both top-down and bottom-up perspectives ¿ is examined. Situations are identified where there is a particular need for resilience, and an overview of the best ways of implementing a resilience process is offered.

Ein qualifiziertes Management der Informationssicherheit ist heutzutage für jede Organisation unverzichtbar. Die Normenreihe ISO 27000 ist dabei ein anerkannter ¿Wegweiser¿ zu diesem Ziel. Im internationalen Kontext ist ihre Erfüllung für viele Organisationen ein wichtiger Wettbewerbsfaktor. Auch in Deutschland hat diese Normenreihe Eingang in Vorgaben, Regelungen und Gesetze zum Thema Informationssicherheit gefunden.Das vorliegende Buch kommentiert vor diesem Hintergrund die aktuellen Normen ISO 27001 und ISO 27002 (Ausgabe 2022/2023): Nach einer Einführung in die Normenreihe und ihren Fachbegriffen werden die Anforderungen an das Managementsystem für Informationssicherheit (ISMS) detailliert erklärt und mit zahlreichen Hinweise zur Umsetzung versehen. Im Anhang der ISO 27001 sind die sog. Controls aufgeführt, die in der neuen Normfassung komplett umstrukturiert und an vielen Stellen geändert wurden. Das Buch behandelt ausführlich alle Controls und gibt viele Beispiele für ihre Anwendung.Mit dem Erscheinen der neuen Normfassungen müssen sich viele Organisationen entsprechend umstellen ¿ nicht zuletzt auch im Zusammenhang mit Zertifizierungen. Das Buch bietet hier einen ausführlichen Fahrplan zur Migration auf die neuen Normen.

This econometric analysis focuses on the relationship between asymmetric information and financial markets. The study aims to examine how the presence of asymmetric information affects market dynamics and outcomes. By utilizing advanced statistical techniques and econometric modeling, the research investigates the impact of information asymmetry on various financial market variables.The study analyzes the role of information asymmetry in influencing market efficiency, price formation, trading volume, and investor behavior. It explores how differences in information between market participants lead to market inefficiencies, such as mispricing and suboptimal trading strategies. Additionally, the research investigates the implications of asymmetric information for market liquidity, volatility, and the overall stability of financial markets.Through the econometric analysis, the study provides empirical evidence and insights into the effects of asymmetric information on financial markets. It aims to contribute to the existing literature by shedding light on the mechanisms through which information asymmetry influences market dynamics and outcomes. The findings have practical implications for investors, financial institutions, and policymakers, helping to enhance market transparency, investor protection, and the efficiency of financial markets.Overall, this econometric analysis delves into the relationship between asymmetric information and financial markets. By employing rigorous statistical techniques, it aims to understand the impact of information asymmetry on market variables, providing valuable insights for market participants and stakeholders. The research ultimately seeks to contribute to the understanding of market dynamics and inform strategies to mitigate the adverse effects of information asymmetry in financial markets.

This Pivot book focuses on both the essentials of asset management and current industry trends, specifically the development from an active management approach to a focus on ESG investments. The first part of the book outlines the dynamics that have traditionally characterised the asset management industry, including the distinction between active and passive portfolio management, the emergence of Exchange Traded Funds (EFTs) which have dominated portfolio allocation over the last 25 years, and the growth of the factor investing approach. It then explores how ESG principles have evolved into a primary focus for investors over the last few years, and how the growing importance placed on the establishment of homogeneous ESG criteria across companies now involves investors and asset managers as well as regulators. The final section of the book considers climate finance as a new challenge for asset management, which insists on portfolio choices that aim to mitigate the effects of climate change. This book offers new perspectives on the academic debate around differing investment philosophies as well as offering an empirical analysis of ESG benchmarks used across the industry. It will be of interest to academics and practitioners in finance and banking broadly, including those working in climate finance, investment behaviour, and corporate governance.

This book covers sustainable development in smart society's 5.0 using data analytics. The data analytics is the approach of integrating diversified heterogeneous data for predictive analysis to accredit innovation, decision making, business analysis, and strategic decision making. The data science brings together the research in the field of data analytics, online information analytics, and big data analytics to synthesize issues, challenges, and opportunities across smart society 5.0. Accordingly, the book offers an interesting and insightful read for researchers in the areas of decision analytics, cognitive analytics, big data analytics, visual analytics, text analytics, spatial analytics, risk analytics, graph analytics, predictive analytics, and analytics-enabled applications.