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The handbook of risk management : implementing a post crisis corporate culture / Philippe Carrel
Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: The Wiley Finance Ser ; v.526 | Wiley financePublisher: Hoboken, N.J : Wiley, 2010Edition: Online-AusgDescription: Online-Ressource (1 online resource (xviii, 266 p.)) : illISBN:- 9781282883482
- 1282883488
- 9780470662472
- 9780470681756
- 658.155
- 658.15/5
- HD61
Contents:
Summary: This handbook shows a firm how to repurpose its risk management in order to design and implement a corporate culture which involves all business units and individuals at each level of the hierarchy, how to analyse its risk appetite, translate it into risk policies and risk targets and distribute responsibilities and capabilities accordingly. The book explains how to identify risk exposure across the enterprise; how to empower each business unit with risk management capabilities; how to create an information workflow for preventative decision making; how to align funding strategies and liquidity management tactics with corporate risk policies and finally, how to deal with risk management in external communications.Summary: The Handbook of Risk Management -- Contents -- Preface -- Acknowledgements -- 1 Introduction: Risk is People's Business -- 1.1 The Essence of Capitalism -- 1.2 The Move to Models -- when Risk Ceased to be Managed -- 1.3 The Decade of Risk Management -- 1.4 Risk Intelligence Precedes Risk Management -- 1.5 Risk Management and the Human Dimension of Capitalism -- 1.5.1 Risk scales and balances -- 1.5.2 A risk culture is corporate DNA -- PART 1 DISTRIBUTING RISK EXPOSURE AND SENSITIVITY ACROSS THE ENTERPRISE -- 2 Identifying Risk Factors -- 2.1 Specific Risk Factors -- 2.1.1 The search for risk factors -- 2.1.2 Root-risk factors -- 2.1.3 Identifying valuation risk -- 2.1.4 Identifying liquidity risk -- 2.2 Systematic Risk Factors -- 2.2.1 Portfolios of external risks -- 2.2.2 Systematic risk and factors correlation -- 3 Working with Risk Factors -- 3.1 Approaching Risk Through Sensitivity and Scenarios -- 3.2 Root-Risk Factors and Conduits of Sensitivity -- 3.3 Back-Testing and Maintaining the Factors -- 4 Working with Scenarios -- 4.1 Scenario Definition -- 4.2 High-Severity and Worst Case Scenarios -- 4.3 Aggregating Firm-wide Risk Sensitivity -- 4.4 Aggregating Scenarios -- 5 From Aggregated Risks to Distributed Risks -- 5.1 The Traditional Approach to Risk Management has Led to the Modelling of Exposure by Business Lines -- 5.2 Distributing Risk by Risk Factors Leads to Creation of a Culture -- 5.3 Distributed Risk Implies Data Analysis -- 6 Creating an Adaptive Information Work.ow -- 6.1 Getting the System to Evolve -- 6.2 Moving on to the Next Step -- PART 2 EMPOWERING BUSINESS AND RISK UNITS WITH RISK MANAGEMENT CAPABILITIES -- 7 Allocating Risk Management Capabilities -- 7.1 Business Managers are Risk Managers -- 7.2 The Role of Executive Risk Committees -- 7.3 The Role of Audit and Control Units.PPN: PPN: 807319635Package identifier: Produktsigel: ZDB-26-MYL | ZDB-38-EBR | ZDB-30-PAD | ZDB-30-PBE | ZDB-30-PQE
""Title Page""; ""Copyright Page""; ""Dedication""; ""Preface""; ""Acknowledgements""; ""Chapter 1 - Introduction: Risk is Peopleâs Business""; ""1.1 THE ESSENCE OF CAPITALISM""; ""1.2 THE MOVE TO MODELS; WHEN RISK CEASED TO BE MANAGED""; ""1.3 THE DECADE OF RISK MANAGEMENT""; ""1.4 RISK INTELLIGENCE PRECEDES RISK MANAGEMENT""; ""1.5 RISK MANAGEMENT AND THE HUMAN DIMENSION OF CAPITALISM""; ""Part 1 - Distributing Risk Exposure and Sensitivity Across the Enterprise""; ""Chapter 2 - Identifying Risk Factors""; ""2.1 SPECIFIC RISK FACTORS""; ""2.2 SYSTEMATIC RISK FACTORS""
""Chapter 3 - Working with Risk Factors""""3.1 APPROACHING RISK THROUGH SENSITIVITY AND SCENARIOS""; ""3.2 ROOT-RISK FACTORS AND CONDUITS OF SENSITIVITY""; ""3.3 BACK-TESTING AND MAINTAINING THE FACTORS""; ""Chapter 4 - Working with Scenarios""; ""4.1 SCENARIO DEFINITION""; ""4.2 HIGH-SEVERITY AND WORST CASE SCENARIOS""; ""4.3 AGGREGATING FIRM-WIDE RISK SENSITIVITY""; ""4.4 AGGREGATING SCENARIOS""; ""Chapter 5 - From Aggregated Risks to Distributed Risks""; ""5.1 THE TRADITIONAL APPROACH TO RISK MANAGEMENT HAS LED TO THE MODELLING OF ...""
""5.2 DISTRIBUTING RISK BY RISK FACTORS LEADS TO CREATION OF A CULTURE""""5.3 DISTRIBUTED RISK IMPLIES DATA ANALYSIS""; ""Chapter 6 - Creating an Adaptive Information Workflow""; ""6.1 GETTING THE SYSTEM TO EVOLVE""; ""6.2 MOVING ON TO THE NEXT STEP""; ""Part 2 - Empowering Business and Risk Units with Risk Management Capabilities""; ""Chapter 7 - Allocating Risk Management Capabilities""; ""7.1 BUSINESS MANAGERS ARE RISK MANAGERS""; ""7.2 THE ROLE OF EXECUTIVE RISK COMMITTEES""; ""7.3 THE ROLE OF AUDIT AND CONTROL UNITS""; ""Chapter 8 - Mitigation Strategies and Hedging Tactics""
""8.1 FRONT-LINE BUSINESS UNITS""""8.2 OPERATIONAL UNITS""; ""8.3 MANAGEMENT""; ""8.4 RISK COMMITTEES AND AUDIT CONTROLS""; ""Chapter 9 - Risk Independence or Indifference to Risk?""; ""9.1 ROLE OF THE SHAREHOLDERS AND NONEXECUTIVE DIRECTORS""; ""9.2 RESPONSIBILITY AND ACCOUNTABILITY""; ""9.3 CONTROL AND REPORT HIERARCHY""; ""Chapter 10 - Risk-Weighted Performance""; ""10.1 PRINCIPLES OF RISK-WEIGHTED MEASUREMENTS""; ""Part 3 - Creating an Information Workflow for Continuous Feedback and ...""; ""Chapter 11 - From Risk Appetite to Risk Policies""; ""11.1 RISK: THE NEW BOND""
""11.2 DYNAMIC TWO-WAY INFORMATION WORKFLOW""""11.3 PREVENTIVE RULES FOR A PRE-EMPTIVE COURSE OF ACTION""; ""11.4 THE DYNAMIC ASSESSMENTS OF RISK FACTOR SENSITIVITIES""; ""11.5 SENSITIVITY RULES AND STRESS TESTS""; ""Chapter 12 - Bottom-Up Activity Feedback""; ""12.1 KEEPING A FINGER ON THE PULSE""; ""12.2 AGGREGATING SCENARIOS: THE ACTUAL RISK APPETITE OF THE FIRM""; ""12.3 TOWARDS A RISK INFORMATION BUS FOR IT PURPOSES""; ""Chapter 13 - Enterprise-Wide Aggregation""; ""13.1 CROSS-ASSET SENSITIVITY AGGREGATION""; ""13.2 CROSS-DIVISION AGGREGATION POTENTIAL PITFALLS""
""Chapter 14 - Top-Down Decisions and Feedback""
The Handbook of Risk Management; Contents; Preface; Acknowledgements; 1 Introduction: Risk is People's Business; PART 1 DISTRIBUTING RISK EXPOSURE AND SENSITIVITY ACROSS THE ENTERPRISE; 2 Identifying Risk Factors; 3 Working with Risk Factors; 4 Working with Scenarios; 5 From Aggregated Risks to Distributed Risks; 6 Creating an Adaptive Information Work.ow; PART 2 EMPOWERING BUSINESS AND RISK UNITS WITH RISK MANAGEMENT CAPABILITIES; 7 Allocating Risk Management Capabilities; 8 Mitigation Strategies and Hedging Tactics; 9 Risk Independence or Indifference to Risk?; 10 Risk-Weighted Performance
PART 3 CREATING AN INFORMATION WORKFLOW FOR CONTINUOUS FEEDBACK AND PREVENTIVE DECISION MAKING11 From Risk Appetite to Risk Policies; 12 Bottom-Up Activity Feedback; 13 Enterprise-Wide Aggregation; 14 Top-Down Decisions and Feedback; 15 Deriving a Firm's Actual Observed Risk Appetite; PART 4 ALIGNING FUNDING STRATEGIES AND LIQUIDITY MANAGEMENT TACTICS WITH CORPORATE RISK POLICIES; 16 Liquidity, the Ultimate Operational Risk; 17 Analysing and Measuring Liquidity Risks; 18 Funding Risk; 19 Managing and Mitigating Liquidity Risks
PART 5 EXTERNAL COMMUNICATIONS, DISCLOSURE POLICIES AND TRANSPARENCY20 External Communications; 21 Enhancing Transparency; 22 Information Exchange for Risk Intelligence; PART 6 THE REGULATORY UPHEAVAL OF THE 2010s; 23 The Great Unwind; 24 Propositions for a Regulatory Upheaval; Index
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