Towards systemic risk management in the frame of business service ecosystem

Abstract

Ecosystems gather enterprises which collaborate to achieve a common systemic goal like guaranteeing the national healthcare, the telecommunication, or the financial stability. These systems are governed by regulators that supervise the services provided at the ecosystem level using systemic capabilities and resources. In the same way at the enterprise level, risk management at the ecosystem level is a paramount activity for the stability of the targeted sector. This paper proposes a metamodel for modelling the ecosystem capabilities and resources, a risk management approach based on this metamodel, and an ArchiMate extension language to sustain the systemic risk management. The approach is illustrated with a real case study from the Luxembourgish financial market.