Rethinking financial innovation: Reducing negative outcomes whilst retaining the benefits

@inproceedings{Tufano2012RethinkingFI,
  title={Rethinking financial innovation: Reducing negative outcomes whilst retaining the benefits},
  author={Peter Tufano},
  year={2012}
}
The project’s findings converge on a core theme, namely that the most important aspect of innovation, in the context of risk, is that there are no historical metrics to determine its impact on the world. Therefore, the industry needs to pay special attention to the ways in which its mechanisms for assessing and managing risk should be adapted to take better account of innovations. Another important finding is that the post-launch management of an innovation, including “downstream variants” and… CONTINUE READING