内容

目次

Preface. Why Manage Financial Crises Proactively? Why We Wrote Dangerous Markets. Acknowledgments. CHAPTER 1: Introduction to Dangerous Markets. Financial Storms Are Destabilizing. Financial Crises Can Be Understood, Anticipated, Managed, and Prevented. What This Book Is and Is Not. Who Needs to Read Dangerous Markets? Part I: Understanding Financial Crises. Part II: Earning the Right to Win. Part III: Managing Unique Banking Risks. Part IV: Building for the Future. PART I: Understanding Financial Crises. CHAPTER 2: Recognizing New Global Market Realities. Increasing Risk of Financial Crises. Why Financial Crises Are on the Rise. You Can Run, But You Can't Hide From Crises. Looking Ahead. CHAPTER 3: Using Crisis Dynamics to See Growing Risks. The Chronology of a Crisis. The Dynamics of a Financial Crisis. The Corporate Sector: Assessing Value Destruction. The Financial Sector: Banks in Distress. Understanding the Impact of Macroeconomic Catalysts, Foreign Funding, and Asset Bubbles. Conclusions and Outlook for Future Crises. Appendix 3.1: Ten Warning Signs of a Financial Crisis. Appendix 3.2: Estimating Value Destruction in the Economy. Appendix 3.3: Why Corporate Sectors Underperform in Crisis Economies. PART II: Earning the Right to Win. CHAPTER 4: Managing the First Hundred Days. Taking Five Tactical Steps When a Crisis Hits. Developing a Crisis Management Approach. Managing the CEO Agenda. Appendix 4.1: Painting the Picture of a Financial Crisis. Appendix 4.2: How Companies Can Strengthen Funding Before a Crisis. Appendix 4.3: Using Scenario Planning in Financial Crises. CHAPTER 5: Capturing Strategic Opportunities After the Storm. Recognizing Significant Opportunities in a Crisis. Moving from Boundaries to Greater Degrees of Freedom. Executing Successfully to Capture Crisis Opportunities. Appendix 5.1: Leveraging Strategic Opportunities in Financial Crises: The Successful Story of NCNB. PART III: Managing Unique Banking Risks. CHAPTER 6: Driving Successful Bank Turnarounds. Ensuring Turnaround Success: Seven Management Actions. Mellon Bank's Successful Turnaround. Christiana Bank's Successful Turnaround. Filanbanco's Failed Turnaround. Government Stewardship of Troubled Banks. Government's Role in Bank Turnaround Strategies. Appendix 6.1: Building a Rationale for Official Support in a Financial Crisis. CHAPTER 7: Minimizing Costs Through NPL Recovery Excellence. Developing World–Class NPL Recovery Capabilities. Special Issues Raised When NPLs Are Managed by Governments. Management Lessons: Good Banks/Bad Banks in Scandinavia. PART IV: Building for the Future. CHAPTER 8: Strengthening System Safeguards. Moving to Global Standards for Corporate Governance. Adopting Better Accounting Standards. Developing Capital Markets. Resetting Regulatory Regimes. Building an Effective Legal Foundation. Appendix 8.1: Sixteen Elements of Good Corporate Governance. Appendix 8.2: Singapore's Development as an International Financial Center. Appendix 8.3: The Discipline of the Market for Corporate Control: Issues for CEOs. CHAPTER 9: Designing a New, Market–Driven Financial Architecture. Recognizing the Limitations of Current Standards and Approaches. Enhancing the Private Sector's Role in Setting Standards to Reduce the Risk of Future Crises. Appendix 9.1: FSF Compendium of Standards. Endnotes. Glossary. Index.