Financial Enterprise Risk Management (International Series on Actuarial Science)
Cambridge University Press
Edition: 2, 4/30/2017
EAN 9781107184619, ISBN10: 1107184614
Hardcover, 614 pages, 25.5 x 18.2 x 3.1 cm
Language: English
This comprehensive, yet accessible, guide to enterprise risk management for financial institutions contains all the tools needed to build and maintain an ERM framework. It discusses the internal and external contexts with which risk management must be carried out, and it covers a range of qualitative and quantitative techniques that can be used to identify, model and measure risks. This new edition has been thoroughly updated to reflect new legislation and the creation of the Financial Conduct Authority and the Prudential Regulation Authority. It includes new content on Bayesian networks, expanded coverage of Basel III, a revised treatment of operational risk and a fully revised index. Over 100 diagrams are used to illustrate the range of approaches available, and risk management issues are highlighted with numerous case studies. This book also forms part of the core reading for the UK actuarial profession's specialist technical examination in enterprise risk management, ST9.
1. An introduction to enterprise risk management
2. Types of financial institution
3. Stakeholders
4. The internal environment
5. The external environment
6. Process overview
7. Definitions of risk
8. Risk identification
9. Some useful statistics
10. Statistical distributions
11. Modelling techniques
12. Extreme value theory
13. Modelling time series
14. Quantifying particular risks
15. Risk assessment
16. Responses to risk
17. Continuous considerations
18. Economic capital
19. Risk frameworks
20. Case studies
21. Solutions to questions
References
Index.