{"product_id":"9781394378654-risk-framework-design-in-practice","title":"Risk Framework Design in Practice","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003eGetting Risk Governance and Limits Right for Financial Institutions\u003cbr\u003e\u003cp\u003e\u003cb\u003eA comprehensive and practical collection of tools and frameworks for risk governance at banks, insurance firms, asset managers, and other financial organizations\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eRisk Framework Design in Practice: Getting Risk Governance and Limits Right for Financial Institutions\u003c\/i\u003e, veteran portfolio and risk manager, Michelle Beck, delivers a robust and functional approach to risk governance that’s perfect for financial institution managers and executives. Beck skips the high-level bromides,  avoids narrowly considering only one type of asset class or financial institution, and instead offers practical guidance for leaders across the full scope of the industry seeking to answer critical risk management questions:\u003c\/p\u003e \u003cp\u003eWhat types of risk limits are necessary? How many of them does my organization need? How should they be set? Are minimum regulatory standards sufficient to safeguard my company’s interests?\u003c\/p\u003e \u003cp\u003e\u003ci\u003eRisk Framework Design in Practice\u003c\/i\u003e provides an effective structure for enterprise risk limits in different types of firms, including banks, asset managers, insurers, and corporate pensions. It explains how these types of firms should establish risk appetites, the essential pieces of their governance structures, and how to ensure the right information is in the right hands at the right times. It also includes:\u003c\/p\u003e \u003cul\u003e\n\u003cli\u003eDeep dives into the relevant limits for market, credit, and operational risks, including the implications of using alternative methods\u003c\/li\u003e\n\u003cli\u003eDetailed discussions of contemporary approaches to limiting economic capital, value at risk, stress tests, exposures, liquidity, concentrations, stop-losses, and drawdown limits\u003c\/li\u003e\n\u003cli\u003eApproaches to operational risk that avoid the expensive trap of attempting to police business efficiency, and instead focus on control strength for truly dangerous risks\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003ci\u003eRisk Framework Design in Practice\u003c\/i\u003e is an effective resource for chief risk officers and professionals working in enterprise risk departments at banks, broker dealers, insurance companies, asset managers, and hedge funds.  Also perfect for board members at banks and insurance companies, in-house counsel at financial firms, and bank and securities regulators.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":57605593301366,"sku":"9781394378654","price":64.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/stand_40637680_2c417f69-8bfb-4a90-bb41-fe999ac4b7a0.jpg?v=1775701727","url":"https:\/\/www.rarewaves.com\/products\/9781394378654-risk-framework-design-in-practice","provider":"Rarewaves.com","version":"1.0","type":"link"}