Enterprise Risk Management: Financial and Accounting Perspectives

D. Wu and D. L. Olson

Chapter 3 in New Frontiers in Enterprise Risk Management, 2008, pp 25-38 from Springer

Abstract: Recent financial disasters in financial and non-financial firms and in governmental agencies have led to increased emphasis on various forms of risk management such as market risk management, credit risk management, and operational risk management. Financial institutions like banks are further motivated by the need to meet various regulatory requirements for risk measurement and capital. There is an increasing tendency toward an integrated or holistic view of risks. A framework for thinking about the collective risk of a group of financial instruments and an individual security’s contribution to that collective risk would be useful. A Tillinghast-Towers Perrin survey has reported that nearly half of the insurance industry used an integrated risk management process (with another 40% planning to do so), and 40% had a chief risk officer.

Keywords: Risk Management; Corporate Governance; Credit Risk; Market Risk; Basel Committee (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-78642-9_3

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DOI: 10.1007/978-3-540-78642-9_3

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