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Preface.Why Manage Financial Crises Proactively?Why We Wrote DangerousMarkets.Acknowledgments.CHAPTER 1: Introduction to DangerousMarkets.Financial Storms Are Destabilizing.Financial Crises Can BeUnderstood, Anticipated, Managed, and Prevented.What This Book Is and IsNot.Who Needs to Read Dangerous Markets?Part I: Understanding FinancialCrises.Part II: Earning the Right to Win.Part III: Managing Unique BankingRisks.Part IV: Building for the Future.PART I: Understanding FinancialCrises.CHAPTER 2: Recognizing New Global Market Realities.Increasing Risk ofFinancial Crises.Why Financial Crises Are on the Rise.You Can Run, But YouCan't Hide From Crises.Looking Ahead.CHAPTER 3: Using Crisis Dynamics to SeeGrowing Risks.The Chronology of a Crisis.The Dynamics of a FinancialCrisis.The Corporate Sector: Assessing Value Destruction.The FinancialSector: Banks in Distress.Understanding the Impact of MacroeconomicCatalysts, Foreign Funding, and Asset Bubbles.Conclusions and Outlook forFuture Crises.Appendix 3.1: Ten Warning Signs of a Financial Crisis.Appendix3.2: Estimating Value Destruction in the Economy.Appendix 3.3: Why CorporateSectors Underperform in Crisis Economies.PART II: Earning the Right toWin.CHAPTER 4: Managing the First Hundred Days.Taking Five Tactical StepsWhen a Crisis Hits.Developing a Crisis Management Approach.Managing the CEOAgenda.Appendix 4.1: Painting the Picture of a Financial Crisis.Appendix 4.2:How Companies Can Strengthen Funding Before a Crisis.Appendix 4.3: UsingScenario Planning in Financial Crises.CHAPTER 5: Capturing StrategicOpportunities After the Storm.Recognizing Significant Opportunities in aCrisis.Moving from Boundaries to Greater Degrees of Freedom.ExecutingSuccessfully to Capture Crisis Opportunities.Appendix 5.1: LeveragingStrategic Opportunities in Financial Crises: The Successful Story ofNCNB.PART III: Managing Unique Banking Risks.CHAPTER 6: Driving SuccessfulBank Turnarounds.Ensuring Turnaround Success: Seven Management Actions.MellonBank's Successful Turnaround.Christiana Bank's SuccessfulTurnaround.Filanbanco's Failed Turnaround.Government Stewardship of TroubledBanks.Government's Role in Bank Turnaround Strategies.Appendix 6.1: Buildinga Rationale for Official Support in a Financial Crisis.CHAPTER 7: MinimizingCosts Through NPL Recovery Excellence.Developing World-Class NPL RecoveryCapabilities.Special Issues Raised When NPLs Are Managed byGovernments.Management Lessons: Good Banks/Bad Banks in Scandinavia.PART IV:Building for the Future.CHAPTER 8: Strengthening System Safeguards.Moving toGlobal Standards for Corporate Governance.Adopting Better AccountingStandards.Developing Capital Markets.Resetting Regulatory Regimes.Building anEffective Legal Foundation.Appendix 8.1: Sixteen Elements of Good CorporateGovernance.Appendix 8.2: Singapore's Development as an InternationalFinancial Center.Appendix 8.3: The Discipline of the Market for CorporateControl: Issues for CEOs.CHAPTER 9: Designing a New, Market-Driven FinancialArchitecture.Recognizing the Limitations of Current Standards andApproaches.Enhancing the Private Sector's Role in Setting Standards to Reducethe Risk of Future Crises.Appendix 9.1: FSF Compendium ofStandards.Endnotes.Glossary.Index.