Internal modeling : a new way of maximizing value from risk
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| Tag | 1 | 2 | Value |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20110058678 | ||
| 003 | MAP | ||
| 005 | 20111006173035.0 | ||
| 008 | 111006e20110930gbr|||p |0|||b|eng d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a7 | ||
| 100 | $0MAPA20110026509$aCzernuszewicz, Andrzej | ||
| 245 | 0 | 0 | $aInternal modeling$b: a new way of maximizing value from risk$cAndrzej Czernuszewicz |
| 520 | $aWithin the past few years, there has been a flurry of activity within various regulatory regimes that has led to the rise of the internal model as the risk management tool of choice. A lot has been said about using internal models and the potential added value that such an approach can bring. But the question is how to actually add value. An internal model allows a decision-making framework to be constructed that reflects the nature of the business and the aims of management. Traditionally, management has utilized projected financial statements that are based on expectations (possibly with some stretch) and has looked at stress tests to allow for an element of risk management. With the advent of internal models, management has a better understanding of the risk element of the equation. But risk should be balanced by reward. In fact, the internal model allows for better use of the interrelationships among risk, capital and value within the decision-making process. It can be argued that it is one of the main drivers behind regulatory regimes such as Solvency II | ||
| 650 | 1 | $0MAPA20080591182$aGerencia de riesgos | |
| 650 | 1 | $0MAPA20080571696$aControl interno | |
| 650 | 1 | $0MAPA20080586461$aModelos de gestión | |
| 650 | 1 | $0MAPA20080588434$aToma de decisiones | |
| 650 | 1 | $0MAPA20080564254$aSolvencia II | |
| 710 | 2 | $0MAPA20100009338$aTowers Watson | |
| 773 | 0 | $wMAP20077000932$tEmphasis$dNew York : Towers Watson, 1987-$g30/09/2011 Número 3 - 2011 , p. 18-20 |