You'll find the workshop material, including some videos, here: http://www.redexe.net/riskmanagement/workshopStableStatistics/
Riccardo Donati, founding member of Redexe Risk Management & Finance, held this workshop on November the 1st in Parma. He talked about Pareto-Lévy stable distributions, giving some examples of usage in Financial Risk Management: VAR, Shortfall Probability, and Probability Field.
Normal statistics, even if still the core of most financial and risk management models, should be abandoned, as it dramatically underestimates ruin probability and rare events.
When rare events occur, log-normal fans, asset managers and risk managers, talk about black swans and unpredictable conditions, but they are simply relying on a statistics far from empirical evidence.
Audio track is in Italian Language.