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Books > Reference & Interdisciplinary > Communication studies > Decision theory > Risk assessment
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.
High-level guidance for implementing enterprise risk management in
any organization
A Practical Guide to Risk Management shows organizations how to
implement an effective ERM solution, starting with senior
management and risk and compliance professionals working together
to categorize and assess risks throughout the enterprise. Detailed
guidance is provided on the key risk categories, including
financial, operational, reputational, and strategic areas, along
with practical tips on how to handle risks that overlap across
categories. Provides high-level guidance on how to implement
enterprise risk management across any organizationIncludes
discussion of the latest trends and best practicesFeatures the role
of IT in ERM and the tools that are available in both assessment
and on-going complianceDiscusses the key challenges that need to be
overcome for a successful ERM initiative
Walking readers through the creation of ERM architecture and
setting up on-going monitoring and assessement processes, this is
an essential book for every CFO, controller and IT manager.
This publication examines risks from flooding and earthquakes in
the Central Asia Regional Economic Cooperation (CAREC) region. It
assesses the protection gap and identifies ways of strengthening
financing. CAREC member countries face growing levels of disaster
risk without sufficient financial protection. Regional cooperation
can help narrow the protection gap and increase the financing
available for quick responses to disaster events. This publication
explores the current approach to disaster risk finance in each
CAREC member state to identify opportunities to strengthen
financing arrangements. It aims to inform the design of a regional
disaster risk transfer facility.
Quantitative risk assessments cannot eliminate risk, nor can they
resolve trade-offs. They can, however, guide principled risk
management and reduction - if the quality of assessment is high and
decision makers understand how to use it. This book builds a
unifying scientific framework for discussing and evaluating the
quality of risk assessments and whether they are fit for purpose.
Uncertainty is a central topic. In practice, uncertainties about
inputs are rarely reflected in assessments, with the result that
many safety measures are considered unjustified. Other topics
include the meaning of a probability, the use of probability
models, the use of Bayesian ideas and techniques, and the use of
risk assessment in a practical decision-making context. Written for
professionals, as well as graduate students and researchers, the
book assumes basic probability, statistics and risk assessment
methods. Examples make concepts concrete, and three extended case
studies show the scientific framework in action.
Since the mid-1990s risk management has undergone a dramatic
expansion in its reach and significance, being transformed from an
aspect of management control to become a benchmark of good
governance for banks, hospitals, schools, charities and many other
organizations. Numerous standards for risk management practice have
been produced by a variety of transnational organizations. While
these many designs and blueprints are accompanied by ideals of
enterprise, value production, and good governance, it is argued
that the rise of risk management has also coincided with an
intensification of auditing and control processes. The legalization
and bureacratization of organizational life has increased because
risk management has created new demands for proof and evidence of
action. In turn, these demands have generated new risks to
reputation.
In short, this important book traces the rise of the managerial
concept of risk and the different logics and values which underpin
it, showing that it has much less to do with real dangers and
opportunities than might be thought, and more to do with
organizational accountability and legitimacy.
This book is for a broad audience of practitioners, policymakers,
scholars, and anyone interested in scenarios, simulations, and
disaster planning. Readers are led through several different
planning scenarios that have been developed over several years
under the auspices of the US Department of Energy, the US Air
Force, and continued work at GlobalInt LLC. These scenarios present
different security challenges and their potential cascading impacts
on global systems - from the melting of glaciers in the Andes, to
hurricanes in New York and Hawaii, and on to hybrid disasters,
cyberoperations and geoengineering. The book provides a concise and
up-to-date overview of the 'lessons learned', with a focus on
innovative solutions to the world's pressing energy and
environmental security challenges.
This book is designed as an introduction to recent social science
work on risk and is intended primarily for students in sociology,
social psychology, and psychology, although it will also be useful
for those studying political science, government, public policy,
and economics. It is written by leading experts actively involved
in research in the field.
This book traces trends in nonperforming loans (NPLs) during and
after financial crises in Asia and Europe. It examines the impact
of high NPLs, compares the effectiveness of resolution strategies,
and explores policy considerations. The volume highlights the need
for decisive and comprehensive policy action to help manage NPLs
swiftly. It explores the legal and economic conditions conducive to
NPL resolution, the role of asset management companies, the
potential of technological solutions, and the importance of
regional financial cooperation. It provides insights to help policy
makers chart a course through the financial and economic fallout of
the coronavirus disease (COVID-19) pandemic to recovery and
sustained financial stability in Asia, Europe, and beyond. The
publication is a collaborative project of the Asian Development
Bank, the European Central Bank, and the Joint Vienna Institute.
This publication identifies financial inclusion priorities to
stimulate economic recovery and explores the challenges and
opportunities of accelerated digital transformation. The
coronavirus disease (COVID-19) pandemic has highlighted the vital
role of financial inclusion in supporting resilience and economic
recovery among the most vulnerable populations in Asia and the
Pacific. This publication proposes recommendations to aid policy
makers and regulators. It shares insights from the 2021
Asia-Pacific Financial Inclusion Forum, a policy initiative of the
Asia-Pacific Economic Cooperation (APEC) Finance Ministers'
Process. It was prepared in collaboration with the APEC Business
Advisory Council, the Asian Development Bank Institute, and the
Foundation for Development Cooperation.
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