The document provides an overview of classic credit products and their building blocks, including:
- Basic building blocks include principal, interest, notional amount, and maturity date. Mid-level blocks join these and include bonds, loans, and structured products.
- The most important instruments are discussed in detail, such as bonds, loans, and structured products like collateralized debt obligations.
- Different types of bonds, loans, and their key characteristics are defined.
Canadian Institute of Actuaries - Success at the 2014 ASNA ConventionLambert Leduc
The Actuarial Students National Association (ASNA) annual convention in Toronto welcomed a record 550 students and broke sponsorship and participation records from employers. The CIA had a strong presence at the convention, with the President-elect and other representatives meeting with students and discussing career opportunities. The CIA hosted two career panels at the convention and the President-elect gave an inspiring keynote address that provided career advice to students.
Kevin W. Knight
Chairman of ISO Working Group that developed ISO 31000
Мировые тенденции и необходимость интегрированного управления рисками в условиях кризиса
Статус актуализации ISO31000:2009 и работа TC262
The Siemens Leadership Conference 2012 was held at the JW Marriott Marquis in Miami, Florida. The conference included a welcome reception and general session at the JW Marriott Marquis. For more information, attendees could contact Ron Springer at 888-216-8777 or via email.
Julia Graham has been elected the new president of the Federation of European Risk Management Associations (FERMA). She will take over from the current president Jorge Luzzi at the end of the FERMA Risk Management Forum taking place in Maastricht. As president, Julia aims to inspire, educate and influence through projects such as European risk manager certification and FERMA's 2014 benchmarking survey. FERMA also elected a new vice president and re-elected another vice president.
Computing Webinar - Creating a culture of risk managementSimon Perry
A presentation originally created for a webinar hosted by Computing Magazine, focusing on the question of how to create an effective culture of risk management within IT
Dr. Frank Herdmann
Chairman ISO/TC 262 AG 1
Лучшие практики внедрения риск-ориентированного мышления в Германии
Почему бизнесу не стоит управлять рисками интуитивно и чем может быть полезен риск-менеджер
Personal protection and security family - aquesta insurance photos onlymwrobert5421
The document summarizes a workshop on personal protection awareness from the Cape Fear Security Council that offers memberships, discounted seminars and workshops, a newsletter, and special access to tactical content in exchange for contact information to the director of risk management at an insurance company. The workshop would cover topics like travel safety, auto safety, hotel safety, overseas travel risks, kidnapping prevention, identity theft prevention, child security, human trafficking awareness, and self defense techniques.
ISO 31000, a risk management standard for decision-makers
Alex Dali, MBA, ARM, CT31000
President
Global Institute for Risk Management Standards - G31000
Canadian Institute of Actuaries - Success at the 2014 ASNA ConventionLambert Leduc
The Actuarial Students National Association (ASNA) annual convention in Toronto welcomed a record 550 students and broke sponsorship and participation records from employers. The CIA had a strong presence at the convention, with the President-elect and other representatives meeting with students and discussing career opportunities. The CIA hosted two career panels at the convention and the President-elect gave an inspiring keynote address that provided career advice to students.
Kevin W. Knight
Chairman of ISO Working Group that developed ISO 31000
Мировые тенденции и необходимость интегрированного управления рисками в условиях кризиса
Статус актуализации ISO31000:2009 и работа TC262
The Siemens Leadership Conference 2012 was held at the JW Marriott Marquis in Miami, Florida. The conference included a welcome reception and general session at the JW Marriott Marquis. For more information, attendees could contact Ron Springer at 888-216-8777 or via email.
Julia Graham has been elected the new president of the Federation of European Risk Management Associations (FERMA). She will take over from the current president Jorge Luzzi at the end of the FERMA Risk Management Forum taking place in Maastricht. As president, Julia aims to inspire, educate and influence through projects such as European risk manager certification and FERMA's 2014 benchmarking survey. FERMA also elected a new vice president and re-elected another vice president.
Computing Webinar - Creating a culture of risk managementSimon Perry
A presentation originally created for a webinar hosted by Computing Magazine, focusing on the question of how to create an effective culture of risk management within IT
Dr. Frank Herdmann
Chairman ISO/TC 262 AG 1
Лучшие практики внедрения риск-ориентированного мышления в Германии
Почему бизнесу не стоит управлять рисками интуитивно и чем может быть полезен риск-менеджер
Personal protection and security family - aquesta insurance photos onlymwrobert5421
The document summarizes a workshop on personal protection awareness from the Cape Fear Security Council that offers memberships, discounted seminars and workshops, a newsletter, and special access to tactical content in exchange for contact information to the director of risk management at an insurance company. The workshop would cover topics like travel safety, auto safety, hotel safety, overseas travel risks, kidnapping prevention, identity theft prevention, child security, human trafficking awareness, and self defense techniques.
ISO 31000, a risk management standard for decision-makers
Alex Dali, MBA, ARM, CT31000
President
Global Institute for Risk Management Standards - G31000
JP Morgan Prime Brokerage Perspectives 4Q 2013Brian Shapiro
The document discusses property and casualty reinsurance structures as potential permanent capital solutions for hedge fund managers. It outlines the incentives for both managers and investors, including a perpetual capital source, tax efficiencies, access to broader investor bases, and liquidity. The economics of reinsurance vehicles are then examined, including how they generate revenue from underwriting premiums and investing the float. Several existing publicly-listed alternative reinsurers, such as Greenlight Re and Third Point Re, are overviewed as examples.
Grace Financial Group LLC provides prime brokerage solutions and global direct market access to hedge funds and RIAs. They offer trading access across multiple asset classes on one platform, as well as reporting services including online access to brokerage statements and historical trading data. Grace Financial caters to new and established hedge funds, and provides additional services such as stock loan, access to third-party service providers, and sub-account structures.
The New Hedge Fund-Prime Broker RelationshipBroadridge
The financial crisis has changed the relationship between hedge funds and prime brokers. With the default of some leading providers, funds have realized that they should diversify their prime broker relationships and require more transparency on operational processes of prime providers. However, as the funds industry regains momentum, they are looking to their prime brokers to provide services that will support business expansion. Hence, prime brokers need to adapt their offering and IT infrastructure to respond to the changing market.
Within DNB's Market Risk and CCR Expert Network, I gave a presentation on the Standard Initial Margining Model (SIMM). This model has been developed by the ISDA in order to facilitate market participants into computing the recently imposed bilateral margining requirements for non-centrally cleared OTC derivatives. The presentation elaborates on the regulatory requirements, the mathematical foundations of the SIMM, and provides a calculation example of the initial margin using the SIMM.
Information on the five C's of credit, bankruptcy proceedings, credit policy, credit investigations, credit fraud, credit decisions, customer visits, the sales department, and the vredit department.
Commercial credit analysis can introduce a lot of complexities into the banking organization: additional underwriting standards, new financial data to collect and interpret, complex relationships with multiple entities and commingled incomes, additional regulatory focus, etc.
Sageworks Senior Consultant Peter Brown covers some of the basics that come with credit analysis including what data to consider, how to analyze the data, when to introduce benchmarking and automation and other topics.
Financial ratio analysis hdfc bank newManoj Jhawar
This document discusses various financial ratios that can be used to analyze a company's financial health and performance. It provides information on liquidity ratios like the current ratio and quick ratio. It also discusses profitability ratios such as net profit margin, return on equity, and earnings per share. Other ratios covered include asset turnover, debt-to-equity, and interest coverage. The document uses HDFC Bank and ICICI Bank as examples to demonstrate how these ratios can be interpreted and compares the financial strength and performance of the two companies over time. It highlights that different ratios interest various stakeholders like investors, creditors, and managers in evaluating a company.
Counterparty credit risk (CCR) refers to the risk that a counterparty will default on financial contracts before fulfilling their obligations. CCR is managed through tools like netting, collateralization, and hedging. Key CCR indicators include exposure at default and expected positive exposure. Basel II introduced capital requirements for CCR based on these indicators. Basel III added a new CVA capital charge to account for mark-to-market losses from CCR not covered by Basel II. However, market failures like moral hazard and free-rider problems can still limit the effectiveness of CCR management.
Alexander Levine is an experienced insurance broker specializing in complex casualty insurance programs. He has over 30 years of experience in the insurance industry, previously working at major brokerage firms like Marsh and Johnson & Higgins. He has expertise in areas like actuarial analysis, program structuring, negotiating placements, and developing training programs. Currently, he offers services as an independent broker focused on analyzing coverage needs and structuring optimal insurance solutions.
Ivo Pezzuto's Keynote Speech at the ICTF Krakow Symposium 2017Dr. Ivo Pezzuto
Keynote Speaker: Dr. Ivo Pezzuto is an internationally recognized global market and scenario analyst and writer. He is the author of 'Predictable and Avoidable. Repairing Economic Dislocation and Preventing the Recurrence of Crisis', a new book classified as 'an insightful, unbiased and fulsome analysis' by The Economist; a 'powerful, amazing, and groundbreaking analysis' by IESE Business School, and 'research essential' by Baker & Taylor YBP Library Services. Currently he is Professor of Global Economics and Strategic Management for the Master and Doctoral Programs at the International School of Management (ISM) of Paris; Adjunct Professor of Business Economics and Management and International Business at the Catholic University of Milan; Visiting Professor at IAE Nice Sophia-Antipolis; Professor of Business Administration at the Swiss Management Centre University of Zug and a Speaker and Lecturer of Executive Development Programs and Advisor to Multinational Companies. He is also an Economics Commentator, Columnist and a Regular Contributor to news agencies and international TV broadcasting networks, such as CNBC, Bloomberg/Business Week and The Wall Street Journal.
This document provides information about an upcoming Risk Management Workshop Plus (RMWP) event, including instructor biographies and workshop descriptions. Four instructors are listed: Xuping Zhang from BMO Financial Group who will discuss model validation; Warren Cai from Manulife Financial covering the risk management lifecycle; Jonathan Zhang from Sun Life Investment Management on interest rate risk management; and Wei Jiang from Scotiabank discussing retail credit risk. The workshops will cover topics such as risk frameworks, valuation models, market risk, and customer risk. Participants can choose from case study, soft skills, or full packages covering industry overview, case studies, and resume/interview preparation.
Grenadier Capital LLC provides advisory, asset management, and funding services for structured finance assets including municipal and infrastructure projects. The company has extensive experience evaluating and investing in various asset classes totaling over $50 billion. Grenadier's team of experts offers comprehensive solutions across the transaction lifecycle from valuation and underwriting to surveillance and restructuring. Key members of Grenadier's team have decades of experience in risk management, credit analysis, and structured finance from previous roles at major financial institutions.
Dragonfly LLC is a risk management and strategy consulting firm founded in 2000 in New York by Lieng-Seng WEE and Judy LEE. WEE and LEE have over 20 years of experience each in risk management, having helped pioneer the field in the 1980s at Bankers Trust in New York. Dragonfly provides strategic risk assessment, enterprise risk management, and investment analysis services to clients across various industries. WEE and LEE lead all client engagements, bringing their expertise to help organizations develop risk management capabilities and strategic decision-making.
The document provides information about an upcoming executive education short course on applied economics. It will be a 2-day workshop taught by Dr. Yeah Kim Leng, Dean of the School of Business at Malaysia University of Science and Technology. The workshop will provide senior executives and analysts with practical tools for economic analysis and help them better understand and monitor economic trends and issues. Participants will learn key economic concepts and indicators, practice data analysis, and build their own economics dashboard to enhance business planning. The interactive course uses presentations, case studies, and exercises to illustrate principles of economic analysis.
The document discusses concerns that persistently low interest rates in the Eurozone could lead to a new credit bubble and increased risks for banks. Several chief risk officers from major European banks were interviewed. They note that low rates make it difficult for banks to generate profits from lending. This could encourage banks to take on more credit risk or longer investment durations to seek higher yields. However, this could result in mispricing of credit risk or losses if rates rise. The risk officers are concerned this could replicate conditions before the subprime crisis and potentially lead to an accumulation of risky credit on bank balance sheets. Ongoing low rates also pose interest rate risk and impact business models dependent on lending margins.
Ivo Pezzuto's Keynote Speech at the ICTF Prague Symposium 2014 Dr. Ivo Pezzuto
Keynote Speaker: Dr. Ivo Pezzuto is the author of Predictable and Avoidable. Repairing Economic Dislocation and Preventing the Recurrence of Crisis, a new book classified as “an insightful, unbiased and fulsome analysis” by The Economist; a “powerful, amazing, and groundbreaking analysis” by IESE Business School, and “research essential” by Baker & Taylor YBP Library Services. Currently he is Guest Lecturer for
the International MBA Program at the MIP Politecnico di Milano, Adjunct Professor of Business Economics and Management and International Business at the Catholic University of Milan, Professor of Business Administration at the Swiss Management Centre University, Speaker and
Lecturer of Executive Development Programs, Advisor to multinational firms, and economic commentator/contributor with CNBC Europe.
This document profiles 6 top risk managers: Charles Gillenwater, the risk manager for the City of Mesquite who has overseen risk for its 1,100 employees and 140,000 residents; Ben Golding, vice president of insurance for Hunt Consolidated who manages worldwide insurance risk assessment; John Mayfield, director of risk management for Cognizant Technology Solutions who oversees global insurance procurement and North American health and safety claims; Dorina Hertner, director of corporate insurance and risk management for 7-Eleven who leads risk management for its 10,300 North American stores; Don McLaughlin, vice president of risk management for Trinity Industries who oversees international insurance programs; and Helen Irizarry,
15 March 2017 Half Day Seminar - Obtaining More Value From Risk & Actuarial F...Ian-Edward Stafrace
Most insurers based in Malta ten years ago would not have had formal risk or actuarial functions, other than those in life business. Fast forward to present day and all have had to implement these as key functions expected by regulations. Beyond compliance are these functions providing added value to the business?
On 15 March a half day seminar with a focus on the insurance sector organised jointly by the Malta Association of Risk Management (MARM), the Malta Actuarial Society (MAS) and the University of Malta will aim to provide insight and thought leadership gained from experienced risk and actuarial professionals on how organisations embed and make best use of these new functions. We will also briefly show how insurers operating internationally can deal with challenges posed by OECD’s BEPS project. The event will be concluded by a panel session discussing emerging risks and opportunities. We are also very pleased to have the keynote delivered by Julia Graham, an internationally renowned risk and insurance professional.
The document is a newsletter from PRMIA Toronto providing updates on upcoming risk management events in January and February 2013. The January events focus on advanced stress testing and governance/risk management, while the February event will discuss counterparty credit risk. The newsletter also provides information on careers in risk management, the PRM certification, and invites speakers and sponsors.
This document provides information about the PRMIA Risk Management Challenge (PRMC) competition. It outlines the competition structure, timeline, goals and objectives. The competition aims to develop students' analytical skills through solving realistic risk management case studies. It consists of preliminary, regional and international rounds. Students compete in teams at the regional level, with regional champions advancing to the international finals. The top team wins a cash prize. The competition promotes careers in risk management and allows networking between students and industry professionals. Registration is open until January 4, 2017.
New Insights And Practical Techniques For Measuring, Managing And Embedding Strategic, Credit, Market, Liquidity And Operational Risks. Providing regional practitioners with critical updates on the latest risk management landscape, up-to-date coverage of regional and international regulations,
as well as strategic insight and practical techniques to help improve risk design, management and implementation capabilities in financial institutions.
http://risk2014.iirme.com/en/Site-Root/
These slides are from The Risk Doctor, David Hillson's, section of the presentation at the recent APM Wessex branch afternoon risk workshop. This event was held at the Ageas Bowl in Southampton on Tuesday 1st April 2014.
David Hillson is an honorary fellow of APM and is known globally as 'The Risk Doctor'. David is well-known as an excellent speaker, presenter and trainer. Countless individuals, teams and organisations have benefited from his blend of thought-leadership with practical application, presented in an accessible style that combines clarity with humour. David’s speaking is guided by the Risk Doctor motto: “Understand profoundly so you can explain simply”.
David sat on the panel of experts for this workshop-based event and shared his expertise with delegates who were looking for a learning experience in risk.
JP Morgan Prime Brokerage Perspectives 4Q 2013Brian Shapiro
The document discusses property and casualty reinsurance structures as potential permanent capital solutions for hedge fund managers. It outlines the incentives for both managers and investors, including a perpetual capital source, tax efficiencies, access to broader investor bases, and liquidity. The economics of reinsurance vehicles are then examined, including how they generate revenue from underwriting premiums and investing the float. Several existing publicly-listed alternative reinsurers, such as Greenlight Re and Third Point Re, are overviewed as examples.
Grace Financial Group LLC provides prime brokerage solutions and global direct market access to hedge funds and RIAs. They offer trading access across multiple asset classes on one platform, as well as reporting services including online access to brokerage statements and historical trading data. Grace Financial caters to new and established hedge funds, and provides additional services such as stock loan, access to third-party service providers, and sub-account structures.
The New Hedge Fund-Prime Broker RelationshipBroadridge
The financial crisis has changed the relationship between hedge funds and prime brokers. With the default of some leading providers, funds have realized that they should diversify their prime broker relationships and require more transparency on operational processes of prime providers. However, as the funds industry regains momentum, they are looking to their prime brokers to provide services that will support business expansion. Hence, prime brokers need to adapt their offering and IT infrastructure to respond to the changing market.
Within DNB's Market Risk and CCR Expert Network, I gave a presentation on the Standard Initial Margining Model (SIMM). This model has been developed by the ISDA in order to facilitate market participants into computing the recently imposed bilateral margining requirements for non-centrally cleared OTC derivatives. The presentation elaborates on the regulatory requirements, the mathematical foundations of the SIMM, and provides a calculation example of the initial margin using the SIMM.
Information on the five C's of credit, bankruptcy proceedings, credit policy, credit investigations, credit fraud, credit decisions, customer visits, the sales department, and the vredit department.
Commercial credit analysis can introduce a lot of complexities into the banking organization: additional underwriting standards, new financial data to collect and interpret, complex relationships with multiple entities and commingled incomes, additional regulatory focus, etc.
Sageworks Senior Consultant Peter Brown covers some of the basics that come with credit analysis including what data to consider, how to analyze the data, when to introduce benchmarking and automation and other topics.
Financial ratio analysis hdfc bank newManoj Jhawar
This document discusses various financial ratios that can be used to analyze a company's financial health and performance. It provides information on liquidity ratios like the current ratio and quick ratio. It also discusses profitability ratios such as net profit margin, return on equity, and earnings per share. Other ratios covered include asset turnover, debt-to-equity, and interest coverage. The document uses HDFC Bank and ICICI Bank as examples to demonstrate how these ratios can be interpreted and compares the financial strength and performance of the two companies over time. It highlights that different ratios interest various stakeholders like investors, creditors, and managers in evaluating a company.
Counterparty credit risk (CCR) refers to the risk that a counterparty will default on financial contracts before fulfilling their obligations. CCR is managed through tools like netting, collateralization, and hedging. Key CCR indicators include exposure at default and expected positive exposure. Basel II introduced capital requirements for CCR based on these indicators. Basel III added a new CVA capital charge to account for mark-to-market losses from CCR not covered by Basel II. However, market failures like moral hazard and free-rider problems can still limit the effectiveness of CCR management.
Alexander Levine is an experienced insurance broker specializing in complex casualty insurance programs. He has over 30 years of experience in the insurance industry, previously working at major brokerage firms like Marsh and Johnson & Higgins. He has expertise in areas like actuarial analysis, program structuring, negotiating placements, and developing training programs. Currently, he offers services as an independent broker focused on analyzing coverage needs and structuring optimal insurance solutions.
Ivo Pezzuto's Keynote Speech at the ICTF Krakow Symposium 2017Dr. Ivo Pezzuto
Keynote Speaker: Dr. Ivo Pezzuto is an internationally recognized global market and scenario analyst and writer. He is the author of 'Predictable and Avoidable. Repairing Economic Dislocation and Preventing the Recurrence of Crisis', a new book classified as 'an insightful, unbiased and fulsome analysis' by The Economist; a 'powerful, amazing, and groundbreaking analysis' by IESE Business School, and 'research essential' by Baker & Taylor YBP Library Services. Currently he is Professor of Global Economics and Strategic Management for the Master and Doctoral Programs at the International School of Management (ISM) of Paris; Adjunct Professor of Business Economics and Management and International Business at the Catholic University of Milan; Visiting Professor at IAE Nice Sophia-Antipolis; Professor of Business Administration at the Swiss Management Centre University of Zug and a Speaker and Lecturer of Executive Development Programs and Advisor to Multinational Companies. He is also an Economics Commentator, Columnist and a Regular Contributor to news agencies and international TV broadcasting networks, such as CNBC, Bloomberg/Business Week and The Wall Street Journal.
This document provides information about an upcoming Risk Management Workshop Plus (RMWP) event, including instructor biographies and workshop descriptions. Four instructors are listed: Xuping Zhang from BMO Financial Group who will discuss model validation; Warren Cai from Manulife Financial covering the risk management lifecycle; Jonathan Zhang from Sun Life Investment Management on interest rate risk management; and Wei Jiang from Scotiabank discussing retail credit risk. The workshops will cover topics such as risk frameworks, valuation models, market risk, and customer risk. Participants can choose from case study, soft skills, or full packages covering industry overview, case studies, and resume/interview preparation.
Grenadier Capital LLC provides advisory, asset management, and funding services for structured finance assets including municipal and infrastructure projects. The company has extensive experience evaluating and investing in various asset classes totaling over $50 billion. Grenadier's team of experts offers comprehensive solutions across the transaction lifecycle from valuation and underwriting to surveillance and restructuring. Key members of Grenadier's team have decades of experience in risk management, credit analysis, and structured finance from previous roles at major financial institutions.
Dragonfly LLC is a risk management and strategy consulting firm founded in 2000 in New York by Lieng-Seng WEE and Judy LEE. WEE and LEE have over 20 years of experience each in risk management, having helped pioneer the field in the 1980s at Bankers Trust in New York. Dragonfly provides strategic risk assessment, enterprise risk management, and investment analysis services to clients across various industries. WEE and LEE lead all client engagements, bringing their expertise to help organizations develop risk management capabilities and strategic decision-making.
The document provides information about an upcoming executive education short course on applied economics. It will be a 2-day workshop taught by Dr. Yeah Kim Leng, Dean of the School of Business at Malaysia University of Science and Technology. The workshop will provide senior executives and analysts with practical tools for economic analysis and help them better understand and monitor economic trends and issues. Participants will learn key economic concepts and indicators, practice data analysis, and build their own economics dashboard to enhance business planning. The interactive course uses presentations, case studies, and exercises to illustrate principles of economic analysis.
The document discusses concerns that persistently low interest rates in the Eurozone could lead to a new credit bubble and increased risks for banks. Several chief risk officers from major European banks were interviewed. They note that low rates make it difficult for banks to generate profits from lending. This could encourage banks to take on more credit risk or longer investment durations to seek higher yields. However, this could result in mispricing of credit risk or losses if rates rise. The risk officers are concerned this could replicate conditions before the subprime crisis and potentially lead to an accumulation of risky credit on bank balance sheets. Ongoing low rates also pose interest rate risk and impact business models dependent on lending margins.
Ivo Pezzuto's Keynote Speech at the ICTF Prague Symposium 2014 Dr. Ivo Pezzuto
Keynote Speaker: Dr. Ivo Pezzuto is the author of Predictable and Avoidable. Repairing Economic Dislocation and Preventing the Recurrence of Crisis, a new book classified as “an insightful, unbiased and fulsome analysis” by The Economist; a “powerful, amazing, and groundbreaking analysis” by IESE Business School, and “research essential” by Baker & Taylor YBP Library Services. Currently he is Guest Lecturer for
the International MBA Program at the MIP Politecnico di Milano, Adjunct Professor of Business Economics and Management and International Business at the Catholic University of Milan, Professor of Business Administration at the Swiss Management Centre University, Speaker and
Lecturer of Executive Development Programs, Advisor to multinational firms, and economic commentator/contributor with CNBC Europe.
This document profiles 6 top risk managers: Charles Gillenwater, the risk manager for the City of Mesquite who has overseen risk for its 1,100 employees and 140,000 residents; Ben Golding, vice president of insurance for Hunt Consolidated who manages worldwide insurance risk assessment; John Mayfield, director of risk management for Cognizant Technology Solutions who oversees global insurance procurement and North American health and safety claims; Dorina Hertner, director of corporate insurance and risk management for 7-Eleven who leads risk management for its 10,300 North American stores; Don McLaughlin, vice president of risk management for Trinity Industries who oversees international insurance programs; and Helen Irizarry,
15 March 2017 Half Day Seminar - Obtaining More Value From Risk & Actuarial F...Ian-Edward Stafrace
Most insurers based in Malta ten years ago would not have had formal risk or actuarial functions, other than those in life business. Fast forward to present day and all have had to implement these as key functions expected by regulations. Beyond compliance are these functions providing added value to the business?
On 15 March a half day seminar with a focus on the insurance sector organised jointly by the Malta Association of Risk Management (MARM), the Malta Actuarial Society (MAS) and the University of Malta will aim to provide insight and thought leadership gained from experienced risk and actuarial professionals on how organisations embed and make best use of these new functions. We will also briefly show how insurers operating internationally can deal with challenges posed by OECD’s BEPS project. The event will be concluded by a panel session discussing emerging risks and opportunities. We are also very pleased to have the keynote delivered by Julia Graham, an internationally renowned risk and insurance professional.
The document is a newsletter from PRMIA Toronto providing updates on upcoming risk management events in January and February 2013. The January events focus on advanced stress testing and governance/risk management, while the February event will discuss counterparty credit risk. The newsletter also provides information on careers in risk management, the PRM certification, and invites speakers and sponsors.
This document provides information about the PRMIA Risk Management Challenge (PRMC) competition. It outlines the competition structure, timeline, goals and objectives. The competition aims to develop students' analytical skills through solving realistic risk management case studies. It consists of preliminary, regional and international rounds. Students compete in teams at the regional level, with regional champions advancing to the international finals. The top team wins a cash prize. The competition promotes careers in risk management and allows networking between students and industry professionals. Registration is open until January 4, 2017.
New Insights And Practical Techniques For Measuring, Managing And Embedding Strategic, Credit, Market, Liquidity And Operational Risks. Providing regional practitioners with critical updates on the latest risk management landscape, up-to-date coverage of regional and international regulations,
as well as strategic insight and practical techniques to help improve risk design, management and implementation capabilities in financial institutions.
http://risk2014.iirme.com/en/Site-Root/
These slides are from The Risk Doctor, David Hillson's, section of the presentation at the recent APM Wessex branch afternoon risk workshop. This event was held at the Ageas Bowl in Southampton on Tuesday 1st April 2014.
David Hillson is an honorary fellow of APM and is known globally as 'The Risk Doctor'. David is well-known as an excellent speaker, presenter and trainer. Countless individuals, teams and organisations have benefited from his blend of thought-leadership with practical application, presented in an accessible style that combines clarity with humour. David’s speaking is guided by the Risk Doctor motto: “Understand profoundly so you can explain simply”.
David sat on the panel of experts for this workshop-based event and shared his expertise with delegates who were looking for a learning experience in risk.
Anyone who is attending the FRTB event in Toronto this Fall should check out this teaser content from Risk Books' latest title, The FRTB: Concepts, Implications and Implementation from GreenPoint's Sanjay Sharma and John "Jeb" Beckwith.
https://lnkd.in/eeVk4XM
05.15.2018 Mitigating Cyber Breach Liability for Companies and Board MembersExpert Webcast
MAJOR TOPICS:
Cyber breach preventative strategies
Cyber written policies and procedures
Response during and after a cyber crisis
GDPR
Third-party vendor issues
Best practices for the middle market
Corporate and board best practices
Cyber Insurance
Transactional effects and deal due diligence
Notable legal precedent
Five Lines of Assurance A New ERM and IA ParadigmTim Leech
The document discusses a new paradigm called "Five Lines of Assurance" for internal audit and enterprise risk management. It was created to help organizations meet escalating expectations from regulators, credit agencies, institutional investors, and others regarding risk oversight and governance. The Five Lines of Assurance model focuses on an "Objectives Register" that prioritizes key strategic objectives and potential risks. It aims to integrate risk management and assurance functions, engage boards and management, and provide optimized assurance on whether residual risks are within the organization's risk appetite. The model is presented as helping organizations demonstrate effective risk oversight, integrate risk with strategic planning, and meet emerging governance standards.
Five lines of assurance a new paradigm in internal audit & ermDr. Zar Rdj
• Boards are provided with a tangible vehicle to demonstrate they are actively overseeing the company’s “risk appetite framework” (“RAF”)
• The process is designed to fully integrate with strategic planning, new product/service initiatives, and M&A activities.
• The process provides a clear response to emerging expectations like the UK Governance Code, Canadian Securities Administrators, SEC, FSB, credit agencies, institutional investors and TSB.
• The main role of internal audit is to report on the effectiveness of the risk management processes and the consolidated report on residual risk status the board receives from the CEO or his/her designate and to help the company build and maintain robust risk management processes
• Boards are provided with a tangible vehicle to demonstrate they are actively overseeing the company’s “risk appetite framework” (“RAF”)
• The process is designed to fully integrate with strategic planning, new product/service initiatives, and M&A activities.
• The process provides a clear response to emerging expectations like the UK Governance Code, Canadian Securities Administrators, SEC, FSB, credit agencies, institutional investors and TSB.
• The main role of internal audit is to report on the effectiveness of the risk management processes and the consolidated report on residual risk status the board receives from the CEO or his/her designate and to help the company build and maintain robust risk management processes.
IRM Professional Development Forum Brochure 2012murray3675
The document advertises the IRM Professional Development Forum 2012 conference on risk management. The conference will be held from April 23-25, 2012 in Manchester, UK. It will feature speakers on topics related to risk management, seminar streams on various risk topics, and networking opportunities. Attendees can earn up to 40 IRM CPD points and the conference is aimed at risk managers and other risk professionals.
The document discusses the Mathematical Risk Management (MRM) program at Georgia State University, which is celebrating its 13th year. It provides an overview of the program and its success, noting that it is ranked in the top 5 risk management programs nationally and prepares students for analytical and technical risk management positions. It then highlights the stories of three current MRM students - Edwin Riveros, Virginia Baxter, and Seph Mard - and one alumnus, Kristin Taylor, as examples of the talented students in the program and their career successes.
20161215 A New Dawn for Municipal Financing Instruments (long) - LexologyMarkus Krebsz
The document discusses sources of financing available to local authorities in the UK for infrastructure projects. It notes that the recent Autumn Statement provided additional funding through a National Productivity Investment Fund that local authorities can access. While local authorities traditionally borrow through the Public Works Loan Board, some have also accessed private markets through bonds and loans. The article outlines various statutory protections that provide comfort to private lenders, such as requirements for balanced budgets and provisions preventing default.
This document provides a progress report on the activities of the UNECE Group of Experts on Managing Risks in Regulatory Systems (GRM) as of September 2016. It outlines the GRM's development of risk management methodologies and recommendations, implementation of recommendations through field projects, and contributions to the risk management work of other international organizations. It proposes continuing the GRM's work to assist regulatory authorities in applying risk management tools to support the UN Sustainable Development Goals.
20161110 FT - UK councils set for launch of munibonds after cutsMarkus Krebsz
Local authorities in the UK are preparing to launch their first municipal bond, or "munibond", before Christmas. The £100 million bond is backed by 56 local councils and will be issued by a new entity called the UK Municipal Bonds Agency. The munibonds will allow councils to invest in improved transport, housing, and shopping centers as they look for alternative sources of funding after large central government cuts. Officials expect the munibonds to be cheaper than the current primary lender to local authorities and hope the small initial bond issuance will gain councils' confidence for larger launches in the future.
Bond agency happy with ratings _ Room 151Markus Krebsz
The bond agency has received ratings from two ratings agencies and is ready to issue its first bond. The CEO expressed that he was happy with the ratings but did not disclose them. He said they are waiting for local authorities to approve borrowing through internal processes before issuing a bond within a few weeks at a rate below current PWLB rates. However, the CEO was reluctant to commit to an issuance date given delays in the past.
Imperial College 2016 Brochure Finance-Short-ProgrammesMarkus Krebsz
This document provides information on short programmes in finance and risk offered by Imperial College Business School. It describes 3 programmes: 1) Finance for Non-Finance Managers which teaches key finance and accounting fundamentals; 2) The Integration of Finance and Strategy for Value Creation which focuses on financial strategy and creating value; and 3) A Complete Course in Risk Management which provides a foundation in risk measurement, markets, instruments and best practices. The programmes utilize Imperial's Impact Lab approach involving experiential learning through simulations, guest speakers and interactive scenarios. They are taught by internationally renowned faculty and provide professional and organizational benefits.
This document provides a bibliography of 33 editions on works related to the global financial/economic crisis from 2008. It is divided into 11 sections that cover topics such as the origins of the crisis, empirical and narrative accounts, the housing and mortgage industry collapse, regulatory failures, the impact on various countries/regions, and normative perspectives on implications and reforms. The bibliography contains over 200 cited works ranging from books, reports, to academic literature.
The document discusses the rationale for establishing a UK municipal bond agency. Key points include:
- The agency aims to lower borrowing costs for local councils by accessing funding at competitive rates from bond markets.
- No additional legislation is required, as councils have the necessary borrowing powers.
- 56 councils have signed up as initial shareholders, investing a total of £6 million to launch the agency.
- The agency expects to break even within 3 years at a lending volume of £2 billion, and will be run on a cost of around £2 million per year.
- The agency will subject councils to a credit process and aims to offer rates competitive with the Public Works Loan Board.
The document discusses a roundtable meeting between local authorities, the Shadow Chief Secretary to the Treasury, and representatives from the UK Municipal Bonds Agency. The roundtable discussed the benefits of the newly created UKMBA, which allows local authorities to borrow and refinance debts at potentially lower interest rates than through the Public Works Loan Board. Creating a municipal bonds market could give local authorities greater financial autonomy and fiscal control. However, some local authorities remain hesitant due to risks. Encouraging broader participation from local authorities will help establish the municipal bonds market and lower borrowing costs.
This document provides an overview of the contents of The Professional Risk Managers' Handbook, which is a comprehensive guide to current theory and best practices in risk management. The handbook covers topics in finance theory, financial instruments, and financial markets across two volumes. It includes sections on financial theory application, portfolio mathematics, capital allocation, asset pricing models, capital structure, the term structure of interest rates, bonds, forwards and futures, swaps, options, credit derivatives, and interest rate options. The handbook is intended as a reference for the PRM designation exam.
The document discusses how the United Nations Economic Commission for Europe (UNECE) works to promote disaster risk reduction and resilience. It outlines several key activities:
1) UNECE sets binding rules and standards to contribute to more sustainable development that is resilient to disasters.
2) It promotes implementation of international risk management standards and tools.
3) Through various environmental treaties and programs, UNECE facilitates transboundary cooperation between countries to better prevent, prepare for, and respond to disasters.
4) UNECE also works to integrate disaster risk reduction into urban planning, housing, and land management policies to build more resilient communities.
This document provides a progress report on the activities of the Group of Experts on Managing Risks in Regulatory Systems (GRM) from August 2014 to September 2015. It summarizes the GRM's work to broaden the application of risk management recommendations across various sectors and fields. This included developing a methodology for implementing recommendations in specific sectors and strengthening partnerships with organizations like UNISDR. The GRM also worked on applying recommendations to disaster risk reduction and contributed to international conferences on the topic. Annexed is an updated list of GRM members from different regions and areas of expertise.
150602 IMPERIAL PRMIA Student Event (Attendees) Markus Krebsz
This document provides lessons and tips for working in risk management and financial markets. It discusses important personal traits like having a positive attitude, emotional intelligence, and work-life balance. Professional values of integrity, ethics and understanding firm culture are also covered. Opportunities in risk management involve understanding different roles across desks, industries and staying up to date on changes. The appendix lists contact details and publications for further resources.
20150203 Rating vital to new UK issuer s price hopes - GlobalCapitalMarkus Krebsz
1) A new UK municipal bond agency called the Local Capital Finance Company plans to raise funds on capital markets and lend to UK local authorities at a lower rate than currently available.
2) The agency believes it can lend at a spread of 55-60 basis points over gilts in the next 2-3 years, compared to the current rate of 80 basis points over gilts.
3) Whether the agency can achieve this rate will depend on its credit rating, with similar European agencies rated just below their respective sovereign ratings.
20150122 LGA Press Release Municipal bonds agency makes key appointmentsMarkus Krebsz
The Local Government Association has announced key appointments to the UK's first municipal bonds agency. Sir Merrick Cockell will be the Chairman and Adrian Bell will be the Vice-Chairman. They will lead the board as the agency prepares for launch and moves into full operation. The agency, called the Local Capital Finance Company, will allow councils to finance projects without seeking permission from the Treasury.
Unleashing Municipal Enterprise discusses empowering local governments in the UK to stimulate economic growth through "Municipal Enterprise". It argues that overly centralized control has stifled local initiative and innovation. Municipal Enterprise involves local governments undertaking commercial ventures, often in partnership with private sector, to address local economic and community challenges. By taking risks and sharing in rewards, Municipal Enterprise could help boost local job creation and address issues like developing digital infrastructure, in a way that generates profits to repay initial investments. The paper explores how a more balanced approach adapting this concept could help address current economic issues in the UK in the digital era.
20141215 Councils pool resources to make borrowing cheaper for one another - ...Markus Krebsz
The UK's first municipal bonds agency has moved closer to launching, with 48 councils signed up to invest. The agency will allow councils to borrow more cheaply for infrastructure projects as an alternative to the Treasury-controlled Public Works Loans Board. Councils could save over £1 billion in borrowing costs over 30 years if half their debt transfers to the new agency. Council investors must finalize their investments by the end of February 2015 for the agency to issue its first bond.
20141215 Council bond agency green lit to launch - LocalGovMarkus Krebsz
The Local Government Association has revealed that 48 councils have signed up to invest in the UK's first municipal bonds agency, which could save councils over £1 billion in borrowing costs. The LGA's executive has approved moving the agency into its launch phase due to the overwhelming support from councils. The agency will be owned by local governments and aims to reduce councils' long-term capital financing costs by introducing competition in the lending market.
Slides as presented at the Inaugural ESRC People Risk Seminar at the Centre for Risk, Banking & Financial Services at Nottingham University Business School, 4 Dec 2013, Nottingham.
RISKY RATING: Reducing the Over-reliance by using Credit ratings sensiblyMarkus Krebsz
Presented at the Scottish Financial Risk Academy's Inaugural Risk Colloquium on 4th Nov 2010 in Edinburgh. (Also published as CRA comment on the SEC website).