Description
Foreword. Preface. Acknowledgments. Part I: ERM Basics and Infrastructure. Chapter 1: Introduction. Evolution of ERM. Basel Accords. September 11th. Corporate Accounting Fraud. Hurricane Katrina. Rating Agency Scrutiny. Financial Crisis. Rare Events. Long-Term Trends. Challenges to ERM. Summary. Notes. Chapter 2: Defining ERM. Definition of Risk. Definition of ERM. Summary. Notes. Chapter 3: ERM Framework. Value-Based ERM Framework. Challenges of Traditional ERM Frameworks. Value-Based ERM Framework. Overcoming the Challenges with a Value-Based ERM Framework. Summary. Notes. Part II: ERM Process Cycle. Chapter 4: Risk Identification. Components of Risk Identification. Five Keys to Successful Risk Identification. Risk Categorization and Definition. Qualitative Risk Assessment. Emerging Risk Identification. Killer Risks. Summary. Notes. Chapter 5: Risk Quantification. Practical Modeling. Components of Risk Quantification. Calculate Baseline Company Value. Quantify Individual Risk Exposures. Quantify Enterprise Risk Exposure. Summary. Notes. Chapter 6: Risk Decision-Making. Defining Risk Appetite and Risk Limits. Integrating ERM into Decision-Making. Summary. Notes. Chapter 7: Risk Messaging. Internal Risk Messaging. External Risk Messaging. Summary. Notes. Part III: Risk Governance and Other Topics. Chapter 8: Risk Governance. Focusing on Common Themes. Components of Risk Governance. Roles and Responsibilities. Organizational Structure. Policies and Procedures. Summary. Notes. Chapter 9: Financial Crisis Case Study. Summary of the Financial Crisis. Evaluating Bank Risk Management Practices. Summary. Notes. Chapter 10: ERM for Non-Corporate Entities. Generalizing the Value-Based ERM Approach. Complexities of Objectives-Based ERM. Examples of NCEs. Summary. Conclusion. Notes. Glossary. About the Author. Index.
