ERM Frameworks and Responses to risk [70]

Go to: Summary | Previous | Next   
Bullet points include: Should risk be measured in absolute terms or against a benchmark? Typical fund management approach views risk relative to an index (or to a peer group median, particularly in retail space) Insurance companies, banks and hedge funds more typically view risk in absolute terms Need for clarity But also agency versus principal issues and separation theorem

Contents | Prev | Next | ERM Lecture Series

Desktop view | Switch to Mobile