Publication Date: September 2000 Risk awareness and assessment is now crucial to the financial well-being of companies, both in the private and non-profit sectors. Companies have come to realise that they need to face up to their risk management responsibilities. Failure to do so could lead not only to firms losing competitiveness but also exposing themselves to a range of potential losses which could threaten their very existence. As a result, senior executives are coming under mounting pressure to get to grips with the topic and keep up to date with new practices. This briefing provides executive managers with a practical introduction to risk management and guidance on their responsibilities. You will learn: *What risk responsibilities executive managers have *What systems need to be established to effectively manage risk *How to go about establishing risk management systems *How business currently approaches these problems Contents include: *The key concepts of risk management *Operational risk *Credit risk Financial risks *Risk management systems
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Pearson Education Limited
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Höhe: 297 mm
Breite: 211 mm
Dicke: 10 mm
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978-0-273-65008-9 (9780273650089)
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John Smullen BSc (Econ), MA, MSc (Econ), MBA was educated at the London School of Economics, Birkbeck College London and the London Business School. He has taught economics and in particular financial economics at a number of academic institutions. He is currently Senior Academic Advisor at the University of Greenwich, visiting Lecturer at the DeMontfort University and the Economics University of Cracow and Visiting Professor at the Catholic University of Uruguay. He has also been a senior finance officer at Abbey National Plc, a major UK retail bank, being centrally involved in financial research, in particular, in relation to customers, products, business units, new business ventures, performance measurement, and budgetary and capital budgeting. Since 1994 he has run John Smullen Consultancy and Training which has undertaken a wide range of consultancy and training projects mainly concerned with the banking industry. Among the banking organisations which John has undertaken work for are: the Royal Bank of Scotland, the Britannia Building Society, First Active, the Romanian Institute of Bankers, a Uruguayan Banking consortium, the Associacion de Marketing Bancario Argentino and the State Investment Bank in Equador the CFN. He has also worked for a number of training companies including the Chartered Institute of Management Accountants and Croner Training. John has also been involved in work for local authorities and charities on the financial and management issues in relation heritage management. In 1996 he became involved in the issues in relation to the pricing of taxis and has provided financial modelling services on this issue to a number of clients. John has been a frequent contributor to conferences and has been the keynote speaker at a number of international conferences in Sidney, Helsinki, Brussels, New York and Buenos Aires. His publications include Financial Management Information and Analysis for Retail Banks for the Chartered Institute of Bankers in conjunction with Woodhead Publishing and Balanced Scorecards and Activity Based Management in the Financial Times Prentice Hall Management Briefings series. He also expects to publish Transfer Pricing for Financial Institutions with the Chartered Institute of Bankers and Woodhead Publishing by early 2001.
Preface SECTION 1 INTRODUCTION Introduction - the nature of risk *What is risk? *Measuring risk *Why should organisations establish risk management systems? *Examples of organisations which have had problems managing their risks properly *Classifying risks *How analytically tractable are the different types of risk? *Conclusion SECTION 2 UNDERSTANDING THE NATURE OF RISK Understanding the nature of risk *Introduction *Forecasting and risk management *The measurement of risk *Hedging *Conclusion Operational risk *Introduction *Operational risks can be major risks *Types of operational risk *Risk identification *Business risks *The levels of understanding of operational risk *Conclusion Credit risk *Introduction *Examples of credit risks *Evaluating credit risk *Modelling credit risk *A system for managing credit risk *Extending credit *Establishing a portfolio *Managing debtors *Conclusion Market risk *Introduction *Examples of market risks *Types of market risk *Commonly occurring options for businesses *Managing market risks *Conclusion SECTION 3 A PRACTICAL RISK MANAGEMENT SYSTEM Establishing a risk management system *Introduction *Attitude to risk *Identification of risks *Monitoring risk *Risk analysis *The management of risk *Conclusion Attitudes to risk *Introduction *Attitude to risk: a conflict of interest *The benefits of risk management *What is the required return to shareholders? *Conclusion The identification of risks *Introduction *The different types of risk *The process of risk identification *The causes and effects of risk *What is at risk? *How are the resources of the business at risk? *The risk matrix *Conclusion Risk classification and management *Introduction *Risk classification *Quantification of risks *Responses to risk *Conclusion The organisational perspective of risk management *Introduction *Establishing an enterprise-wide risk management system *The organisational structure of risk management *A risk culture *Conclusion SECTION 4 CONCLUSIONS Conclusions
