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Disaster Risk Reduction and Management (DRRM) has been a popular topic of discussion in recent years due to the increase in the intensity and occurrence of disaster events. Local institutions play a significant role in DRRM particularly in planning and implementing disaster risk management mechanisms and in establishing consolidated efforts aimed at preparing for, responding to, and mitigating impacts of disasters. This paper explored the DRRM initiatives of the Local Government Units (LGUs) of Tigbauan and Guimbal in Iloilo, Philippines and identified and analyzed the the coping mechanism of the households to recurrent and extreme events. This paper contends that DRRM is not a stand-alone solution to the problems faced by the communities, rather, it needs to be integrated with other long term development plans of the local government, i.e. Coastal Resource Management (CRM), in order for it to be more effective.
Risk management is an essential part of the decision-making process. To advance this decision making, the study investigates the explicit and implicit inferences of the banking sector in response to acknowledged risk aspects (credit risk, liquidity risk & operational risk) faced within the dynamic business environment in which the bank operates. Responsive behaviour of risk mangers is identified for conventional and Islamic banks. In addition, the study compare and contrast their responsive behaviour between two set of banks (Conventional and Islamic). It is imperative and constructive to know about the factors on which future decision making can be based. On the practical aspect, this study could help management of the banks'' and policy makers to spotlight on the main banking activities that possibly will enhance the bank position and financial presentation.
A practical guide to identifying, analyzing and tackling operational risk in banks and financial institutions Created for banking and finance professionals with a desire to expand their management skill set, this book focuses on operational risk and operational risk events, as distinct from other types of functional risks. It was written by the experts at the world-renowned Hong Kong Institute of Bankers, an organization dedicated to providing the international banking community with education and training. Schools you in techniques for analyzing the operational risk exposure of banking institutions and assessing how operational risk impacts on other types of risk Provides expert guidance on how to design, plan and implement systems for operational risk management and quality control Describes a comprehensive approach to operational risk management that includes data collection, modeling and an overall risk management structure Shows you how to develop operational risk management solutions to help your company minimize losses without negatively impacting its ability to generate gains Offers expert guidance on various regulatory frameworks and how the latest Basel II and Basel III requirements impact a bank's operational risk management strategy and framework
The purpose of this study was to investigate the level of awareness and use of risk management techniques by SMEs in the construction industry conducting business activities in King William’s Town and Port Elizabeth in the Eastern Cape Province of South Africa. A self-administered questionnaire was used to gather data from 82 SME owners or managers in the construction industry. The statistical Package for Social Sciences (SPSS) was used to analyse data. The Chi-square, cross tabulation and descriptive statistical tests were employed to analyse the data. The results of the study revealed that there is a low level of awareness and use of risk management techniques by SMEs in the construction industry. In addition, the results revealed that SMEs in the construction industry have a positive attitude toward risk management techniques. The results of the study recommend that the government, tertiary institutions, construction industry development board and SME owners or managers in the construction industry should work together to improve the level of awareness and use of risk management techniques.
Robert Moeller R. COSO Enterprise Risk Management. Establishing Effective Governance, Risk, and Compliance (GRC) Processes
A fully updated, step-by-step guide for implementing COSO's Enterprise Risk Management COSO Enterprise Risk Management, Second Edition clearly enables organizations of all types and sizes to understand and better manage their risk environments and make better decisions through use of the COSO ERM framework. The Second Edition discusses the latest trends and pronouncements that have affected COSO ERM and explores new topics, including the PCAOB's release of AS5; ISACA's recently revised CobiT; and the recently released IIA Standards. Offers you expert advice on how to carry out internal control responsibilities more efficiently Updates you on the ins and outs of the COSO Report and its emergence as the new platform for understanding all aspects of risk in today's organization Shows you how an effective risk management program, following COSO ERM, can help your organization to better comply with the Sarbanes-Oxley Act Knowledgeably explains how to implement an effective ERM program Preparing professionals develop and follow an effective risk culture, COSO Enterprise Risk Management, Second Edition is the fully revised, invaluable working resource that will show you how to identify risks, avoid pitfalls within your corporation, and keep it moving ahead of the competition.
Don't squander your most valuable resource! Collectively, your workers are your company's most important and most valuable asset. To make the most of this asset, nothing beats quantitative performance and investment measurement. Learning and Development is an 80 billion-dollar industry, and every valuable employee represents a sizable investment on the part of your company. To keep your business moving forward, effective management of human capital is crucial. It generates plenty of data, and deep analysis of this data helps you provide feedback and make adjustments to capitalize on the combined knowledge, skills, and creativity of your workers. Developing Human Capital: Using Analytics to Plan and Optimize Your Learning and Development Investments provides a guidebook for collecting, organizing, and analyzing the data surrounding human capital so you can make the most of your employees' potential. Use predictive analysis to optimize human capital investments Learn effective study design and alignment Get the tools you need for measurement, surveys, and analysis Decide what to measure and how to measure it Outline your company's current and future analytics technology needs Map data sources, and overcome barriers to data collection Authors Gene Pease, Bonnie Beresford, and Lew Walker provide case studies in which major companies applied human capital analytics to guide people decisions, and expand upon the role of analytics in Learning and Development. Developing Human Capital: Using Analytics to Plan and Optimize Your Learning and Development Investments is an essential guide to 21st century human resources and management practices, and can keep you from squandering your company's most valuable resource.
In research performed I watched to present methods of classification of loans and methods of establishing internal ratings within the banks. The result of the method of classifying assets consists in identifying good quality loans and their separation by the nonperforming loans. I also conducted an analysis of the situation of currency risk in case of the commercial banks. Thus I determined a set of indicators that can be measured both at the level of territorial units as well as the level of Central Bank. Another important issue addressed in the paper is the importance of ensuring solvency of the bank in overtaking difficulties generated by the financial crisis. In the chapter relating to the measurement the risk of interest rate I identified a technique used in banking to reduce interest rate risk, named GAP model or model of discrepancy between assets and liabilities of banks. In terms of reduction of the liquidity risk I presented a method that allows monitoring the indicators of liquidity on maturity bands. In the chapter concerning to management of the operational risk I presented a new method for managing this type of risk, respectively the insurance of operational risk.
Kenji Imai Advanced Financial Risk Management. Tools and Techniques for Integrated Credit Risk and Interest Rate Risk Management
Practical tools and advice for managing financial risk, updated for a post-crisis world Advanced Financial Risk Management bridges the gap between the idealized assumptions used for risk valuation and the realities that must be reflected in management actions. It explains, in detailed yet easy-to-understand terms, the analytics of these issues from A to Z, and lays out a comprehensive strategy for risk management measurement, objectives, and hedging techniques that apply to all types of institutions. Written by experienced risk managers, the book covers everything from the basics of present value, forward rates, and interest rate compounding to the wide variety of alternative term structure models. Revised and updated with lessons from the 2007-2010 financial crisis, Advanced Financial Risk Management outlines a framework for fully integrated risk management. Credit risk, market risk, asset and liability management, and performance measurement have historically been thought of as separate disciplines, but recent developments in financial theory and computer science now allow these views of risk to be analyzed on a more integrated basis. The book presents a performance measurement approach that goes far beyond traditional capital allocation techniques to measure risk-adjusted shareholder value creation, and supplements this strategic view of integrated risk with step-by-step tools and techniques for constructing a risk management system that achieves these objectives. Practical tools for managing risk in the financial world Updated to include the most recent events that have influenced risk management Topics covered include the basics of present value, forward rates, and interest rate compounding; American vs. European fixed income options; default probability models; prepayment models; mortality models; and alternatives to the Vasicek model Comprehensive and in-depth, Advanced Financial Risk Management is an essential resource for anyone working in the financial field.
Credit risk management is one major issues that continue to dominate agendas in the board meetings of many firms. The importance of credit risk management has never been more important with the current high default rates and bankruptcies. Proper management of credit risk enables a firm to maximize business opportunities with customers, dilute the concentration of exposure and ultimately maximize profits. This book aims at delving on Credit risk management practices of pharmaceutical firms in Kenya, a developing country.
The recent market turmoil caused by the sub-prime crisis highlighted how several key factors can strongly affect the banks’ capability to preserve their financial equilibrium under stress. Current liquidity risk models demonstrated to undervalue extreme events affecting funding and market risk in global scenarios. There was not an integrated measurement tool able to cover all the dimensions of liquidity risk and commonly adopted by the majority of institutions. This work, therefore, intends to highlight the most significant features to consider in order to implement an effective liquidity risk measurement and management.
These days there are different types of risks faced by the organizations and much emphasis is placed on its procedures following the aftermath of corporate scandals and global financial crisis. It is imperative to assess and appraise the nature, quantum and extent of the risks faced by the organizations specifically, in the Insurance Companies. An appropriate risk management strategy needs to be formulated by these companies. The main emphasis of this book is to evaluate the significance of the key constructs and the determinants of risk management and its process. This book also suggests a number of tools and techniques that are used by the dynamic and competitive organizations. It covers the theory of risk management, enterprise risk management, risk management in the insurance companies and the COSO enterprise risk management framework. This book will enhance the understanding of the layman interested in gaining knowledge about risk management and will also enrich the technical expertise of the risk managers, chief risk officers (CRO), the corporate executives and the practitioners.
This is a first of its kind empirical study addressing the unmarked topic of risk management practices (RMPs) of IFIs and CFIs in Pakistan. The study aimed at expanding the existing literature by providing novel empirical evidence. Literature review classified risks faced by both IFIs and CFIs under six categories. The research concludes that credit risk, equity investment risk, market risk, liquidity risk, rate of return risk and operational risk management practices in IFIs are not different from the practices in CFIs and the overall risk management practices of IFIs and CFIs are alike in Pakistan. The study also concludes that a research based in one country cannot be generalized to another country therefore every country must conduct research in its own context. This opens our eyes to the fact that much is unknown about the risk management practices in Pakistani financial system, creating a need for empirical studies for further discoveries to formulate better frameworks and to prevent an impending financial crisis that might be unraveling as you read this book. “The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk…”
In Banking, Asset and Liability Management (often abbreviated ALM) is the practice of managing risks that arise due to mismatches between the assets and liabilities (debts and assets) of the bank. Banks face several risks such as the liquidity risk, interest rate risk, credit risk and operational risk. Asset liability management (ALM) is a strategic management tool to manage interest rate risk and liquidity risk faced by banks, other financial services companies and corporations. Banks manage the risks of asset liability mismatch by matching the assets and liabilities according to the maturity pattern or the matching of the duration, by hedging and by securitization. . Modern risk management now takes place from an integrated approach to enterprise risk management that reflects the fact that interest rate risk, credit risk, market risk, and liquidity risk are all interrelated.
High-level guidance for implementing enterprise risk management in any organization A Practical Guide to Risk Management shows organizations how to implement an effective ERM solution, starting with senior management and risk and compliance professionals working together to categorize and assess risks throughout the enterprise. Detailed guidance is provided on the key risk categories, including financial, operational, reputational, and strategic areas, along with practical tips on how to handle risks that overlap across categories. Provides high-level guidance on how to implement enterprise risk management across any organization Includes discussion of the latest trends and best practices Features the role of IT in ERM and the tools that are available in both assessment and on-going compliance Discusses the key challenges that need to be overcome for a successful ERM initiative Walking readers through the creation of ERM architecture and setting up on-going monitoring and assessement processes, this is an essential book for every CFO, controller and IT manager.
Risk Management is one of the challenging tasks in financial industries. In banking system risk occurs due to internal and external factors, like government intervention with fiscal policies. To measure the efficiency of banks we need to identify the risk factors in banks. Impact of this risk factors is disentangle from overall efficiency. Stochastic Frontier Analysis (SFA) and (Data Envelopment Analysis)are two major techniques used to measure the efficiency of organizational units where multiple inputs and outputs makes comparison difficult. This thesis explains about the DEA analysis, how to assess and disentangle the risk factors effect from overall efficiency in different stages. DEAP,EMS and QSB are some of the computer oriented programmes useful in calculating efficiency. SAS is also one of the major high level programming language useful to solve linear and non-linear programming techniques. The ultimate objective is to identify which banks were seriously affecting with this risk factors.