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  1. Nicole Seaman

    P1.T1.20.14. Learning from financial disasters (first of three)

    Learning objectives: Analyze the key factors that led to and derive the lessons learned from case studies involving the following risk factors: Interest rate risk, including the 1980s savings and loan crisis in the US; Funding liquidity risk, including Lehman Brothers, Continental Illinois, and...
  2. Nicole Seaman

    P1.T1.607. Disasters & risk management failures: Société Générale, LTCM & Metallgesellschaft

    Questions: 607.1. In January 2008, Société Générale reported trading losses of €4.9 billion (~ $7.1 billion) that the firm attributed to fraudulent and unauthorized activity by a junior trader, Jérôme Kerviel. According to Steve Allen, each of the following is a "lesson to be learned" from the...