ERM Glossary: Additional technical terms
helpful for ERM students
[this page | pdf | references | back links]
Definitions of some additional terms relevant to Enterprise
Risk Management (ERM) are:
-
Alternative
Risk Transfer (ART)
-
AS/NZS
4360
-
Coefficient
of tail dependence
-
Coherent
risk measure
-
Copula
-
COSO
ERM framework
-
Extreme
value theory (EVT)
-
Gaussian
random variables
-
ISO 31000
-
Probability
of ruin
-
Residual
risk
-
Risk model
-
Risk
system
-
Securitisation
-
Tail
correlation
-
Weighted
average cost of capital (WACC)
Students may also sometimes need to refer to specific
mathematical tools, e.g. Kendal’s
tau for selecting between different copulas
within particular Copula families. To search the Nematrian website for more
information on a specific mathematical topic please use the Site Search
facility at the top of any Nematrian website page.
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