ERM for pension funds and sponsors [6]

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Bullet points include: Trend towards improved (enterprise) risk management disciplines across entire financial sector and beyond: Risk management weaknesses seen as contributing to crisis. UK Walker review, CRO, increased Board focus on risk management, Solvency II and ORSA, Stress testing and reverse stress testing. ‘Living wills’, Trend apparent both in UK and overseas, Underpinned by typical three pillar regulatory frameworks

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