This document summarizes key points about managing equity risk from the document "Managing Market Risk Under The Basel IV Framework". It discusses equity risk identification, measurement, monitoring, and mitigation. For measurement, it describes expected shortfall methodology including historical simulation, Monte Carlo simulation, and variance-covariance approaches. It also discusses component expected shortfall. For monitoring, it outlines monitoring equity indices, large exposures, diversification, and unrealized losses. For mitigation, it notes tools like reducing holdings, targeting lower beta, and using derivatives.