• Is Financial Risk Management Equivalent to ERM?

  • Sep 21 2021
  • Length: 16 mins
  • Podcast

Is Financial Risk Management Equivalent to ERM?

Listen for free

View show details

  • Summary

  • New website = riskcommentary.ca
    ERM, for some, consists solely of Financial Risk Management. Is this sound? We offer commentary on quantitative modelling and its place in Enterprise Risk Management.

    1. Quantitative methods examples
    2. Chief limitations of quantitative models
    3. Proprietary internal risk rating systems
    4. Forecasts and probability estimates
    5. 2008-2009: crisis in risk management methods?
    6. Strategy and market risks scuttle the company
    7. Recommendations
    8. Quotes from the financial experts
    9. What constitutes due diligence?
    10. What is the worldview informing the faith in quantitative models?

    Summary

    KEY QUOTES

    ”...a new kind of blindness: the one induced by new technology and elaborate quantitative models.”
    (B. Voyles ) Voyles and other financial experts mentioned quoted in Robertson, p.98

    ”...much more is being underwritten, correlated, and contemplated [by major insurers] than the traditional hazard risks.”
    Interview with LoriAnn Lowery-Biggers and Sean Murphy by John Czuba; see EP01.


    LINKS

    Blog post: Economic Crisis: Why ERM Did Not Fail

    E. Robertson 2016 Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation

    Show more Show less
activate_WEBCRO358_DT_T2
Show more Show less

What listeners say about Is Financial Risk Management Equivalent to ERM?

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com reviews

Amazon reviews
No Reviews are Available