Author : Vijay raghavan
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (13 download)
Book Synopsis Emerging Trends in Risk Reporting by : Vijay raghavan
Download or read book Emerging Trends in Risk Reporting written by Vijay raghavan and published by . This book was released on 2018 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk management is a critical core issue among a variety of traditional financial institutions. Different institutions have grown with different objectives under different settings, and risk management has different historical strands of focus in institutions. This chapter reviews the traditional and evolving needs of the risk management function in light of the profound changes unfolding in the structural economic environment and the regulatory setting. Rapid consolidation and globalization in the past two decades have led to the evolution of deeply capitalized universal financial institutions that are home to a wide variety of products previously compartmentalized from Depression-era regulation. The development of a unifying framework for risk management to accommodate products and structures from disparate settings of the past is a major challenge. Adequacy and accuracy of risk measures have to be reevaluated for the current environment. The chapter discusses some alternatives that seem to be evolving in the market. Emphasis on standardization of risk measures across different products to accommodate aggregation is another challenge that has to be continually addressed.