The Handbook of Risk Management: Implementing a Post-Crisis Corporate Culture

  • 4h 12m
  • Philippe Carrel
  • John Wiley & Sons (UK)
  • 2010

This handbook shows a firm how to repurpose its risk management in order to design and implement a corporate culture which involves all business units and individuals at each level of the hierarchy, how to analyse its risk appetite, translate it into risk policies and risk targets and distribute responsibilities and capabilities accordingly. The book explains how to identify risk exposure across the enterprise; how to empower each business unit with risk management capabilities; how to create an information workflow for preventative decision making; how to align funding strategies and liquidity management tactics with corporate risk policies and finally, how to deal with risk management in external communications.

About the Author

Philippe Carrel (Geneva, Switzerland) is Executive Vice President, Global Head of Business Development in Risk Management, at Thomson Reuters. Specialist of derivatives valuations and regulatory compliance, he was previously Head of Alternative Investments Strategies at Reuters in New York and Director of Risk and Trade Management at Reuters head office in London.

In this Book

  • Introduction—Risk is People's Business
  • Identifying Risk Factors
  • Working with Risk Factors
  • Working with Scenarios
  • From Aggregated Risks to Distributed Risks
  • Creating an Adaptive Information Workflow
  • Allocating Risk Management Capabilities
  • Mitigation Strategies and Hedging Tactics
  • Risk Independence or Indifference to Risk?
  • Risk-Weighted Performance
  • From Risk Appetite to Risk Policies
  • Bottom-up Activity Feedback
  • Enterprise-Wide Aggregation
  • Top-Down Decisions and Feedback
  • Deriving a Firm's Actual Observed Risk Appetite
  • Liquidity, the Ultimate Operational Risk
  • Analysing and Measuring Liquidity Risks
  • Funding Risk
  • Managing and Mitigating Liquidity Risks
  • External Communications
  • Enhancing Transparency
  • Information Exchange for Risk Intelligence
  • The Great Unwind
  • Propositions for a Regulatory Upheaval