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Decks in this class (26)
1: What is ERM?
Describe the concept of ERM, the drivers behind it, and the resulting value to organisations
14
cards
2: Why ERM?
Claimed benefits of risk manageme...,
Claimed benefits of erm focus on ...,
Benefits of senior management bei...
6
cards
3: Risk Taxonomy
possible definitions and categorisation of risks
1
cards
4: Internal risk frameworks
Syllabus objective internal risk ...,
Exam focus internal risk framewor...,
Key questions internal risk frame...
37
cards
5: External risk frameworks (mandatory)
What are the mandatory external r...,
List the types of external entiti...,
What are the six processes that m...
26
cards
6: External risk frameworks (non-mandatory)
What is the uk government risk ma...,
List the key principles of the uk...,
What is the focus of canada s int...
16
cards
7: Financial Statements
Information provided in financial...,
Economic value 2,
Accounting ratios 3
21
cards
8: ERM processes and structures
Explain what is meant by corporat...,
Explain why financial distress ma...,
Describe the types of companies t...
15
cards
Module 9: Risk Policy
describe how a board might express and communicate its expectations and requirements by means of a risk policy (including a risk appetite statement)
consider how an organisation may assess and describe its risk appetite
consider how an organisation may make use of a risk appetite statement when managing its risks (including the establishment of risk tolerances)
8
cards
9: Risk policy
Points to be included in the risk...,
What is risk appetite 2,
How is a risk appetite set 3
3
cards
Module 10: Monitoring an communication of risk
In this module we consider all the activities associated with the monitoring of:
risk exposures, and risk processes
26
cards
Module 11: Stakeholders
In this module we consider the objectives of various stakeholders and their interests in ERM. We investigate how some of these interests may conflict.
This module covers different areas relating to the implementation of the ERM process within an organisation, including an understanding of the wide range of stakeholders to whom ERM is relevant and issues arising from this.
Note the following advice in the Core Reading:
For any given real or hypothetical scenario, candidates will be expected to be
3
cards
12: Governance functions and the role of the CEO
What is corporate governance 1,
What are the key responsibilities...,
What are examples of good corpora...
7
cards
13: Business analysis, risk identification and initial assessment
Outline the key stages of a risk ...,
Outline the components of a busin...,
Outline six risk identification t...
20
cards
Module 15: Introduction to risk modelling
What is required for a risk to be...,
Define insurance risk and how it ...,
Define underwriting risk and how ...
35
cards
Module 16: statistical distributions
Suitability of the lognormal dist...,
Blank 2
2
cards
21: Use of Models in ERM
State the three main uses of mode...,
List the main uses of models for ...,
Outline three sources of risk whe...
9
cards
23: Assessment of credit risk
What are the two potential main c...,
What is default risk 2,
What is credit spread risk 3
8
cards
24: Assessment Of Operational Risk
Outline the drivers of a recent i...,
Definition of operational risk 2,
Why operational risk is difficult...
20
cards
25: Assessment of other risks
What are the problems in using qu...,
What are the main techniques adop...,
Why is scenario analysis particul...
16
cards
26: Risk optimisation and risk responses
Outline how risk management optim...,
State the objective of risk portf...,
Describe the following two risk r...
24
cards
27: Market risk management
Outline the main strategies used ...,
List the key elements of market r...,
Outline the issues that should be...
26
cards
28: Credit Risk Management
What is a credit default swap cds...,
Why would someone use a cds 2,
What are the two main settlement ...
40
cards
29: Operational risk management
Explain the key to successful man...,
Outline eight desirable character...,
List mitigating actions other tha...
18
cards
30: Capital Management
Distinguish between required avai...,
Outline two different assessments...,
Define required risk capital 3
47
cards
Revision
Describe two possible approaches ...,
Recommend with reasons which appr...,
What are the key benefits of holi...
37
cards
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F106 - Enterprise risk management
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