Uncontrolled Risk: Lessons of Lehman Brothers and How Systemic Risk Can Still Bring Down the World Financial System
About this ebook
A risk advisor for top financial institutions and top B-school professor, Mark Williams explains how uncontrolled risk toppled a 158-year-old institution, using this story as a microcosm to illuminate the interconnection of the global financial system, as well as broader policy implications.
This story is told through the eyes of an experienced risk manager and educator in a detailed and engaging way and provides the reader with a complete summary of how a savvy company with sophisticated employees and systems could have gotten it so wrong.
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About the author
Mark T. Williams is a risk management practitionerand academic with two decades of experience.He has worked as a senior executive for majorenergy trading companies, a trust banker, and anexaminer for the Federal Reserve Bank. Williams iscurrently on the fi nance and economics faculty atBoston University and serves as a senior advisor atthe Brattle Group. He has been a guest columnistfor Reuters.com, Forbes.com, and the Boston Globe.
