|
Showing 1 - 2 of
2 matches in All Departments
This book outlines risk management theory systematically and
comprehensively while distinguishing it from academic fields such
as insurance theory. In addition, the book builds a risk financing
theory that is independent of insurance theory. Until now, risk
management (RM) theory has been discussed while the framework of
the theory has remained unclear. However, this book, unlike
previous books of this type, provides risk management theory after
presenting a framework for it. Enterprise risk management (ERM) is
seen differently depending on one's position. For accountants, it
is a means for internal control to prevent accounting fraud,
whereas for financial institutions, it quantifies the risk that
administrators can take to meet supervisory standards. Therefore,
most of the ERM outlines are written to suit the intended uses or
topics, with no systematic RM overviews. This book discusses a
systematic RM theory linked to the framework of it, unlike previous
books that were written according to topic. After the Enron scandal
in December 2001 and WorldCom accounting fraud in June 2002,
several laws were enacted or revised throughout the world, such as
the SOX Act(Sarbanes-Oxley Act) in the United States and the
Financial Instruments and Exchange Law and Companies Act in Japan.
In this process, the COSO(Committee of Sponsoring Organizations of
Treadway Commission) published their ERM framework, while the ISO
(International Organization for Standardization) published their RM
framework. The author believes that the competition between these
frameworks was an opportunity to systematize RM theory and greatly
develop it as an independent discipline from insurance. On the
other hand, the Great East Japan Earthquake that occurred on March
11, 2011, caused enormous losses. Also, because pandemics and cyber
risks are increasing, businesses must have a comprehensive and
systematic ERM for these risks associated with their business
activities
This book is about retirement income security. This income security
is provided by national public pensions, corporate pensions, and
individual and reverse mortgages. However, these systems vary
greatly from country to country and, in many countries, do not
provide sufficient coverage. Ensuring income security in old age is
an important issue that must be resolved in the rapidly aging
environment of the world. From the perspective of financial
consumers, this book cross-sectionally surveys public pensions,
corporate pensions, individual pensions and reverse mortgages and
compares them among many important nations. This gives many
implications from the perspective of designing an overall income
security for each individual. In addition, it presents many of the
issues needed for these sustainable and comprehensive income
security.
|
|