Overview

As soon as a bank places the customer at the center of its delivery strategy, that bank has to follow the peculiar business dynamics that influence and shape the client's business decisions. Almost any business decision has an impact on the supply chain, and in a globalized world, supply chain collaboration is one of the most highly prioritized corporate objectives. Given that supply chain management within the banking industry has mostly been focusing on the external supply chain, namely a chain of data or services provided by external suppliers involving contractors, vendors, and consultants, for example, an organization's performance would be strengthened by the management of the relations with those external suppliers. However, in opposition to the manufacturing and logistics industries that have also been paying attention to internal supply chains, not much academic research has been conducted about the internal supply chain within the banking industry. The purpose of this book is to remedy such phenomenon and present research on the topic of, amongst others, internal supply chain risk management, and to come up with a set of instruments that maps the supply chain networks (both internal and external) as a way for enhancing the resilience of a banking organization. A research-driven assessment examines the role of supply chain risk management in the financial industry. Readers will find that the author is extremely knowledgeable about the subject and has produced a volume based on substantial research. He makes a compelling case for an approach to risk management that acknowledges the unique position of the service industry supply chain ...A thorough and enlightening exploration of the importance of supply chain risk management ... . Kirkus Reviews --- This book project began in the Spring of 2016. I was already in my fourth year since I had established VALUE4RISK, a consulting and research company focused on business resilience. During those years, and also based on my prior 25 years of experience as a senior bank executive in risk management, I noticed that not much had been written on business resilience for banking organizations. I have been very much interested in extreme risk management, and how it can affect the strategic planning and governance of a bank.In the scope of this quest for a better comprehension of extreme risk management for the banking industry, I wanted to scout the corporate sector and see how companies that operate in extreme environments cope with extreme conditions. Currently, within the banking industry, most of the knowledge concepts about extreme events are either too much tainted by the traditional risk management methods that attempt to predict the future occurrence and severity of an extreme event using quantitative models. Or, otherwise, the knowledge tools are too much geared on Big Data in trying to map all possible scenarios and hazards that have taken place in the past, and that could affect companies in the future. Instead, banking organizations need to be proactive to ensure that they are ready to handle any type of risky situation that can interfere with their operations. The concept behind the book, therefore, focuses on making a bank agile, resistant, resilient, and able to recover quickly when an extreme event takes place( rather than predicting times when the firm is likely to encounter risks and reacting when the events turn up). A resilient business model is not just about being able to resist the impact of an extreme event, but also how fast the business organization can recover from the impact of an extreme event. The exciting feature of this book is the fact that this concept of supply chain risk management that is going to be used in this study to address business resiliency, has been borrowed from the nonbanking world.

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