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Financial Enterprise Risk Management

2nd Edition


Part of International Series on Actuarial Science

  • Date Published: August 2017
  • availability: Available
  • format: Hardback
  • isbn: 9781107184619

£ 88.99

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About the Authors
  • 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.

    • Forms part of the core reading ST9, for the UK actuarial profession's specialist technical examination in enterprise risk management
    • Includes many worked examples and a wide range of case studies
    • Contains exercises for each chapter, with solutions available at the end of the book
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    Reviews & endorsements

    Review of previous edition: 'Provides all the tools required to build and maintain a comprehensive ERM framework, covering a range of qualitative and quantitative techniques and their uses in identifying, assessing, modelling and measuring risk.' Actuary Magazine

    'In total, this book provides not only a very comprehensive and accessible introduction to financial enterprise risk management, but also covers advanced topics such as Bayesian networks and current regulatory developments such as Basel III. It clearly demonstrates the importance of risk management for financial institutions and outlines detailed steps and procedures that can be taken to obtain a firm understanding of risk. The book discusses the specific advantages and limitations of current risk management tools and frameworks and provides rich guidance on how to implement ERM on a comprehensive level.' Matthias M. M. Buehlmaier, zbMATH

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    Product details

    • Edition: 2nd Edition
    • Date Published: August 2017
    • format: Hardback
    • isbn: 9781107184619
    • length: 614 pages
    • dimensions: 255 x 182 x 31 mm
    • weight: 1.36kg
    • contains: 120 b/w illus. 25 tables 150 exercises
    • availability: Available
  • Table of Contents

    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

  • Resources for

    Financial Enterprise Risk Management

    Paul Sweeting

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  • Author

    Paul Sweeting, University of Kent, Canterbury
    Paul Sweeting is Professor of Actuarial Science at the University of Kent, Canterbury where he teaches enterprise risk management. His research covers areas as diverse as longevity, pensions accounting, and investment strategy. Prior to joining the University of Kent, Professor Sweeting was Head of Research at Legal and General Investment Management and Managing Director at J. P. Morgan Asset Management. He is a Fellow of the Institute of Actuaries, the Royal Statistical Society, and the Chartered Institute for Securities and Investment. He is also a CFA Charterholder and a Chartered Enterprise Risk Actuary. He has written a number of articles on financial issues, and is a regular contributor to the written and broadcast media.

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