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Is Financial Risk Management Equivalent to ERM?
Manage episode 302802293 series 2951942
New website = riskcommentary.ca
ERM, for some, consists solely of Financial Risk Management. Is this sound? We offer commentary on quantitative modelling and its place in Enterprise Risk Management.
- Quantitative methods examples
- Chief limitations of quantitative models
- Proprietary internal risk rating systems
- Forecasts and probability estimates
- 2008-2009: crisis in risk management methods?
- Strategy and market risks scuttle the company
- Recommendations
- Quotes from the financial experts
- What constitutes due diligence?
- What is the worldview informing the faith in quantitative models?
Summary
KEY QUOTES
”...a new kind of blindness: the one induced by new technology and elaborate quantitative models.”
(B. Voyles ) Voyles and other financial experts mentioned quoted in Robertson, p.98
”...much more is being underwritten, correlated, and contemplated [by major insurers] than the traditional hazard risks.”
Interview with LoriAnn Lowery-Biggers and Sean Murphy by John Czuba; see EP01.
LINKS
Blog post: Economic Crisis: Why ERM Did Not Fail
E. Robertson 2016 Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation
20 episoder
Manage episode 302802293 series 2951942
New website = riskcommentary.ca
ERM, for some, consists solely of Financial Risk Management. Is this sound? We offer commentary on quantitative modelling and its place in Enterprise Risk Management.
- Quantitative methods examples
- Chief limitations of quantitative models
- Proprietary internal risk rating systems
- Forecasts and probability estimates
- 2008-2009: crisis in risk management methods?
- Strategy and market risks scuttle the company
- Recommendations
- Quotes from the financial experts
- What constitutes due diligence?
- What is the worldview informing the faith in quantitative models?
Summary
KEY QUOTES
”...a new kind of blindness: the one induced by new technology and elaborate quantitative models.”
(B. Voyles ) Voyles and other financial experts mentioned quoted in Robertson, p.98
”...much more is being underwritten, correlated, and contemplated [by major insurers] than the traditional hazard risks.”
Interview with LoriAnn Lowery-Biggers and Sean Murphy by John Czuba; see EP01.
LINKS
Blog post: Economic Crisis: Why ERM Did Not Fail
E. Robertson 2016 Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation
20 episoder
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