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Bringing the Customer Black to the Foreground: The End of Conduct Risk?

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Abstract

In this chapter, we argue that conduct risk arising from the way financial institutions are conducting business with respect to their customers might be prevented, mitigated and potentially annihilated. Indeed, we believe that data science, proper segmentation, product design and control will lead to a tremendous reduction of conduct rusk exposure and a such these topics are addressed here

Suggested Citation

  • Bertrand K. Hassani, 2016. "Bringing the Customer Black to the Foreground: The End of Conduct Risk?," Documents de travail du Centre d'Economie de la Sorbonne 16067, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    • Handle: RePEc:mse:cesdoc:16067
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    File URL: ftp://mse.univ-paris1.fr/pub/mse/CES2016/16067.pdf
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    1. Bertrand K. Hassani, 2016. "Scenario Analysis in Risk Management," Springer Books, Springer, number 978-3-319-25056-4, December.
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    More about this item

    Keywords

    Conduct Risk; Scenario analysis; Risk Management; Data Science;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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