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Prologue: Crisis Redux

In: See No Evil

Author

Listed:
  • Erik Banks

Abstract

I call it the “risk manager’s moment”: a point when you feel nervous tension, light-headedness, a sense of disbelief (and yet, somehow, not really), perhaps a tinge of nausea. And helplessness: complete inability to do anything to stop the train wreck. The risk manager’s moment arrives, of course, when things are going pear-shaped: the deal is collapsing, the client has announced plans to file for bankruptcy, or the markets are in freefall. Nothing to do but watch the whole thing go absolutely wrong.

Suggested Citation

  • Erik Banks, 2011. "Prologue: Crisis Redux," Palgrave Macmillan Books, in: See No Evil, pages 1-4, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29917-7_1
    DOI: 10.1057/9780230299177_1
    as

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