How can financial firms best protect themselves during periods of turbulence? Managing Extreme Financial Risk explores the need for more successful risk management strategies in light of increased market risk and volatility in financial institutions' revenue models. Top officials from the financial and regulatory industries point to real corporate issues, showing in real terms how institutions react to financial crises. From firsthand experiences, they explain how effective sustainability management does not just prevent being blindsided. It also leads to proactive solutions that enhance an institution's strength to weather a sudden financial crisis, add significant shareholder value, and reduce systemic risk. Readable, coherent, and logical, Managing Extreme Financial Risk shows how extreme risk needs to be handled when the cost of being wrong means the difference between the life and death of the institution.