{"title":"Risk assessment Books","description":"","products":[{"product_id":"risk-a-users-guide-9780241481929","title":"Risk A Users Guide","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e''Brilliant and highly entertaining, this book is essential reading for every leader, regardless of age or experience.''\u003cb\u003e - Admiral William McRaven\u003c\/b\u003e, author of \u003ci\u003eMake Your Bed\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e --------\u003cbr\u003e\u003cbr\u003e \u003cb\u003eWhat if you could learn how to expect the unexpected?\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eIn business, like in life, foresight is crucial for avoiding pitfalls and disaster - and yet it''s something we spend nearly no time developing. Retired four-star general Stan McChrystal has lived a life associated with the deadly risks of combat; he has been forced to analyse and prepare for situations he didn''t even know were possible. As a business consultant, he has seen how hundreds of individuals and organizations - too often and to great cost - fail to mitigate risk. Why? Because they focus on the probability of something happening instead of the interface through which any and all risks can be managed.\u003cbr\u003e\u003cbr\u003eIn \u003ci\u003eRisk: A User''s Guide\u003c\/i\u003e, McChrystal presents a new system of responding to risk. He\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48087817978199,"sku":"9780241481929","price":20.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780241481929.jpg?v=1713542364"},{"product_id":"risk-9780199576203","title":"Risk","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eWe find risks everywhere--from genetically modified crops, medical malpractice, and stem-cell therapy to intimacy, online predators, identity theft, inflation, and robbery. They arise from our own acts and they are imposed on us. In this Very Short Introduction, Baruch Fischhoff and John Kadvany draw on the sciences and humanities to explore and explain the many kinds of risk. Using simple conceptual frameworks from decision theory and behavioural research, they examine the science and practice of creating measures of risk, showing how scientists address risks by combining historical records, scientific theories, probability, and expert judgment.Risk: A Very Short Introduction describes what has been learned by cognitive scientists about how people deal with risks, applying these lessons to diverse examples, and demonstrating how understanding risk can aid choices in everyday life and public policies for health, safety, environment, finance, and many other topics. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. Risk decisions ; 2. Defining risks ; 3. Analyzing risks ; 4. Risk perceptions ; 5. Risk communication ; 6. Reconciling risks ; 7. Risk, culture and society","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":48732868051287,"sku":"9780199576203","price":9.49,"currency_code":"GBP","in_stock":true}]},{"product_id":"global-catastrophic-risks-9780199606504","title":"Global Catastrophic Risks","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA global catastrophic risk is one with the potential to wreak death and destruction on a global scale. In human history, wars and plagues have done so on more than one occasion, and misguided ideologies and totalitarian regimes have darkened an entire era or a region. Advances in technology are adding dangers of a new kind. It could happen again.In Global Catastrophic Risks 25 leading experts look at the gravest risks facing humanity in the 21st century, including asteroid impacts, gamma-ray bursts, Earth-based natural catastrophes, nuclear war, terrorism, global warming, biological weapons, totalitarianism, advanced nanotechnology, general artificial intelligence, and social collapse. The book also addresses over-arching issues - policy responses and methods for predicting and managing catastrophes. This is invaluable reading for anyone interested in the big issues of our time; for students focusing on science, society, technology, and public policy; and for academics, policy-makers, and professionals working in these acutely important fields.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eReview from previous edition This volume is remarkably entertaining and readable...It's risk assessment meets science fiction. * Natural Hazards Observer *\u003cbr\u003eThe book works well, providing a mine of peer-reviewed information on the great risks that threaten our own and future generations. * Nature *\u003cbr\u003eWe should welcome this fascinating and provocative book. * Martin J Rees (from foreword) *\u003cbr\u003e[Provides] a mine of peer-reviewed information on the great risks that threaten our own and future generations. * Nature *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eI BACKGROUND; II RISKS FROM NATURE; III RISKS FROM UNINTENDED CONSEQUENCES; IV RISKS FROM HOSTILE ACTS","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":48732873097559,"sku":"9780199606504","price":24.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780199606504.jpg?v=1719998760"},{"product_id":"risk-9780241481936","title":"Risk","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e''Brilliant and highly entertaining, this book is essential reading for every leader, regardless of age or experience.''\u003cb\u003e - Admiral William McRaven\u003c\/b\u003e, author of \u003ci\u003eMake Your Bed\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e--------\u003cbr\u003e\u003cbr\u003e\u003cb\u003eWhat if you could learn how to expect the unexpected?\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eIn business, like in life, foresight is crucial for avoiding pitfalls and disaster - and yet it''s something we spend nearly no time developing. Retired four-star general Stan McChrystal has lived a life associated with the deadly risks of combat; he has been forced to analyse and prepare for situations he didn''t even know were possible. As a business consultant, he has seen how hundreds of individuals and organizations - too often and to great cost - fail to mitigate risk. Why? Because they focus on the probability of something happening instead of the interface through which any and all risks can be managed.\u003cbr\u003e\u003cbr\u003eIn \u003ci\u003eRisk: A User''s Guide\u003c\/i\u003e, McChrystal presents a new system of responding to risk. He lays out ten dimensions of control which we can adjust at any given time, no matter the context: narrative, bias, action, timing, adaptability, communication, technology, diversity, structure and leadership. Drawing on compelling examples ranging from military history to the business world, and offering infinitely practical exercises to improve preparedness, McChrystal illustrates how these ten factors are almost always in effect - and how, by considering them constantly, individuals and organizations can exert mastery over every conceivable sort of risk that they might face.\u003cbr\u003e\u003cbr\u003eWe may not be able to see into the future, but \u003ci\u003eRisk \u003c\/i\u003egives us a framework for improving our resistance and building a strong defense against what we know -- and what we don''t.\u003cbr\u003e\u003cbr\u003e--------\u003cbr\u003e\u003cbr\u003e''A brilliant user''s guide that demonstrates how managing risk is about how we lead, rather than getting mathematical equations right.'' - \u003cb\u003eAnnie Duke\u003c\/b\u003e, bestselling author of \u003ci\u003eThinking In Bets \u003c\/i\u003eand \u003ci\u003eHow To Decide\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e''Measured, meticulous, and filled with practical, pragmatic wisdom from both war and peace, McChrystal''s clear-eyed, unsentimental guidance cuts to the heart of our precarious existence. A must-read leadership bible\u003ci\u003e.\u003c\/i\u003e'' - \u003cb\u003eJames Kerr\u003c\/b\u003e, bestselling author of \u003ci\u003eLegacy\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e''An essential playbook on mastering all dimensions of risk. For soldiers, educators, CEOs, entrepreneurs, government leaders, and everyone in between.'' - \u003cb\u003eKeith Krach\u003c\/b\u003e, former Undersecretary of State and CEO of DocuSign\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eAn absolute masterpiece on the subject of risk! Brilliant and highly entertaining, this book is essential reading for every leader, regardless of age or experience. * Admiral William McRaven, author of Make Your Bed *\u003cbr\u003eA brilliant user's guide that demonstrates how managing risk is about \u003ci\u003ehow\u003c\/i\u003e we lead, rather than getting mathematical equations right. Fundamental reading for any leader looking to understand and strengthen their team's Risk Immune System. * Annie Duke, bestselling author of Thinking in Bets and How to Decide *\u003cbr\u003eGeneral McChrystal is swiftly becoming our most important leadership voice. Measured, meticulous, and filled with practical, pragmatic wisdom from both war and peace, his clear-eyed, unsentimental guidance cuts to the heart of our precarious existence. A must-read leadership bible for troubling times. * James Kerr, bestselling author of Legacy *\u003cbr\u003eAn essential playbook on mastering all dimensions of risk. For soldiers, educators, CEOs, entrepreneurs, government leaders, and everyone in between, the general captures, with precision and clarity, how staying risk fit can unleash your team's maximum potential. * Keith Krach, former under secretary of state, chairman and CEO of DocuSign and Ariba, chairman of Purdue University Board of Trustees *","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48733140746583,"sku":"9780241481936","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780241481936.jpg?v=1719999558"},{"product_id":"the-improbability-principle-9780552170192","title":"The Improbability Principle","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eWhy is it that incredibly unlikely phenomena actually happen quite regularly and why should we, in fact, expect such things to happen? Here, in this highly original book - aimed squarely at anyone with an interest in coincidences, probability or gambling - eminent statistician David Hand answers this question by weaving together various strands of probability into a unified explanation, which he calls the improbability principle.\u003cbr\u003e\u003cbr\u003eThis is a book that will appeal not only to those who love stories about startling coincidences and extraordinarily rare events, but also to those who are interested in how a single bold idea links areas as diverse as gambling, the weather, airline disasters and creative writing as well as the origin of life and even the universe. \u003ci\u003eThe Improbability Principle\u003c\/i\u003e will change your perspective on how the world works  and tell you what the Bible code and Shakespeare have in common, how to win the lottery, why Apple''s song shuffling was made less random to seem more random. Oh and why lightning \u003ci\u003edoes\u003c\/i\u003e in fact strike twice...\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eA hugely entertaining eye-opener about how misuse of statistics can skew our view of the world * Daily Mail *\u003cbr\u003eLively and lucid . . . an intensely useful (as well as a remarkably entertaining) book . . . * Salon *\u003cbr\u003eIn my experience, it is very rare to find a book that is both erudite and entertaining.  Yet \u003ci\u003eThe Improbability Principle\u003c\/i\u003e is such a book. Surely this cannot be due to chance alone! -- Hal Varian, Google’s Chief Economist\u003cbr\u003eAn elegant, astoundingly clear and enjoyable combination of subtle statistical thinking and real-world events. -- Andrew Dilnot, co-author of 'The Numbers Game'\u003cbr\u003eAs someone who happened to meet his future wife on a plane, on an airline he rarely used, I wholeheartedly endorse David Hand’s fascinating guide to improbability, a subject which affects the lives of all, yet until now has lacked a coherent exposition of its underlying principles. -- Gordon Woo, catastrophist at Risk Management Solutions","brand":"Transworld Publishers Ltd","offers":[{"title":"Default Title","offer_id":48735126683991,"sku":"9780552170192","price":10.79,"currency_code":"GBP","in_stock":true}]},{"product_id":"event-and-datacentric-enterprise-riskadjusted-return-management-9781484274392","title":"Event and DataCentric Enterprise RiskAdjusted","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eTake a holistic view of enterprise risk-adjusted return management in banking. This book recommends that a bank transform its siloed operating model into an agile enterprise model. It offers an event-driven, process-based, data-centric approach to help banks plan and implement an enterprise risk-adjusted return model (ERRM), keeping the focus on business events, processes, and a loosely coupled enterprise service architecture.\u003c\/p\u003eMost banks suffer from a lack of good quality data for risk-adjusted return management. This book provides an enterprise data management methodology that improves data quality by defining and using data ontology and taxonomy. It extends the data narrative with an explanation of the characteristics of risk data, the usage of machine learning, and provides an enterprise knowledge management methodology for risk-return optimization. The book provides numerous examples for process automation, data analytics, event management, knowledge management, and improveme\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eChapter-1 Commercial Banks, Banking Systems \u0026amp; Basel Recommendations\u003cp\u003e1.1 Introduction\u003c\/p\u003e  \u003cp\u003e1.2 Financial markets\u003c\/p\u003e  \u003cp\u003e1.3 Commercial Bank - Lines of Business and Products\u003c\/p\u003e  \u003cp\u003e1.4 Source Systems\u003c\/p\u003e  \u003cp\u003e1.5 Evolution of Basel Risk Management Recommendations\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eChapter-2 Siloed Risk Management Systems\u003c\/p\u003e  \u003cp\u003e2.1 Introduction\u003c\/p\u003e  \u003cp\u003e2.2 Treasury’s Market Risk and Credit Risk Management\u003c\/p\u003e  \u003cp\u003e2.3 Credit Risk in the Loan Book\u003c\/p\u003e  \u003cp\u003e2.4 Asset Liability Management (ALM)\u003c\/p\u003e  \u003cp\u003e2.5 Anti-Money Laundering and Countering the Financing of Terrorism (AML-CFT).\u003c\/p\u003e  \u003cp\u003e2.6 Operational Risk Management (ORM)\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eChapter-3 Enterprise Risk adjusted Return (ERRM) Model, Gap Analysis \u0026amp; Identification\u003c\/p\u003e  3.1 Introduction\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e3.2 What caused the Siloed Architecture? What is the impact?\u003c\/p\u003e  \u003cp\u003e3.2.4 Integrated Risk Management \u0026amp; ERRM\u003c\/p\u003e  \u003cp\u003e3.3 Gap Identification \u003c\/p\u003e  3.3.1 Document New Business Requirements\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e3.3.2 Review of ERRM Requirements\u003c\/p\u003e  \u003cp\u003e3.3.3 Define ERRM Conceptual Model\u003c\/p\u003e  \u003cp\u003e3.3.4 Review As-Is Operating Model\u003c\/p\u003e  3.3.5 The Gap–What needs to be done?\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e3.4 Summary-Build \u0026amp; Improve Capabilities\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eChapter-4 ERRM Methodology, High level Implementation Plan\u003c\/p\u003e  4.1 Introduction\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e4.2 ERRM Methodology\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eChapter-5 Enterprise Architecture\u003c\/p\u003e  5.1 Introduction\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e5.2 Ontology-Driven Information Systems\u003c\/p\u003e  \u003cp\u003e5.3 Service-Orientated Architecture (SOA)\u003c\/p\u003e  \u003cp\u003e5.4 Microservices Architecture (MSA)\u003c\/p\u003e  5.5 Introduction to Cloud, Data Virtualisation\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e5.6 Enterprise Event Driven Architecture\u003c\/p\u003e  \u003cp\u003e5.7 Enterprise Process Automation\u003c\/p\u003e  \u003cp\u003e5.8 Robotic Process Automation (RPA)\u003c\/p\u003e  \u003cp\u003e5.9 SOA-BPMS Convergence\u003c\/p\u003e  \u003cp\u003e5.10 Cost Management (CM)\u003c\/p\u003e  \u003cp\u003e5.11 Gap Resolutions – Enterprise Architecture category\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eChapter-6 Enterprise Data Management\u003c\/p\u003e  \u003cp\u003e6.1 Introduction\u003c\/p\u003e  \u003cp\u003e6.2 Data Management Frameworks\u003c\/p\u003e  \u003cp\u003e6.3 Enterprise Data Management\u003c\/p\u003e  \u003cp\u003e6.4 Single View of the Truth\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eChapter-7 Enterprise Risk Data Management\u003c\/p\u003e  \u003cp\u003e7.1 Introduction\u003c\/p\u003e  \u003cp\u003e7.2 Enterprise Risk Data Ontology\u003c\/p\u003e  \u003cp\u003e7.3 Ontology based ERRM System\u003c\/p\u003e  \u003cp\u003e7.4 Enterprise Risk_Return Data Strategy\u003c\/p\u003e  \u003cp\u003e7.5 Enterprise Risk Data Discovery\u003c\/p\u003e  \u003cp\u003e7.6 Event Driven, Data Centric Enterprise Risk Management\u003c\/p\u003e  \u003cp\u003e7.7 Risk Data Management Technology\u003c\/p\u003e  \u003cp\u003e7.8 Multidimensional Enterprise Risk Data Model\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eChapter-8 Data Science and Enterprise Risk Return Management\u003c\/p\u003e  \u003cp\u003e8.1 Introduction\u003c\/p\u003e  \u003cp\u003e8.2 Maths \u0026amp; Stats in Risk Data Calculations\u003c\/p\u003e  \u003cp\u003e8.3 Theory and Concepts\u003c\/p\u003e  \u003cp\u003e8.4 Risk Management Models\u003c\/p\u003e  \u003cp\u003e8.5 Enterprise Risk-Return Model Governance\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eChapter 9 Advanced Analytics and Knowledge Management\u003c\/p\u003e  \u003cp\u003e9.1 Introduction\u003c\/p\u003e  \u003cp\u003e9.2 Advanced Analytics\u003c\/p\u003e  \u003cp\u003e9.3 Knowledge Management, KM\u003c\/p\u003e  \u003cp\u003e9.5 Analytics Maturity Evaluation\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eChapter-10 ERRM Capabilities \u0026amp; Improvements\u003c\/p\u003e  \u003cp\u003e10.1 Introduction\u003c\/p\u003e  \u003cp\u003e10.2 Enterprise Liquidity Management (ELM)\u003c\/p\u003e  \u003cp\u003e10.3 Dynamic ALM\u003c\/p\u003e  \u003cp\u003e10.4 Improved Risk Measures.\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e\u003cb\u003e \u003c\/b\u003e\u003c\/p\u003e","brand":"APress","offers":[{"title":"Default Title","offer_id":48739666985303,"sku":"9781484274392","price":49.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781484274392.jpg?v=1720052856"},{"product_id":"conceptualising-risk-assessment-and-management-across-the-public-sector-from-theory-to-practice-9781800436930","title":"Conceptualising Risk Assessment and Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eRisk assessment and risk management are essential across the public sector to improve processes and outcomes. However, there is little clarity over what this actually means. This lack of understanding leads to a wide variation in risk assessment and management practice and to miscommunications of risk across professions, creating further barriers to interprofessional practice and co-creation of value across the public sector. Despite these challenges, there is a concurrent expectation that risk assessment and risk management be carried out across the sector to the highest standard, which inevitably becomes problematic.\u003c\/p\u003e \u003cp\u003e\u003cem\u003eConceptualising Risk Assessment and Management across the Public Sector\u003c\/em\u003e explores concepts and applications of risk across the public sector to aid risk professionals in establishing a clearer understanding of what risk assessment and management is, how they might be unified across the sector, and how and where deviations across professions are needed. This book addresses these issues through providing a theory-informed discussion on the conceptualisations of risk, risk assessment, and risk management across the public sector, and through identifying where shared values and where differences exist across professions. Guidance on interprofessional risk practice and risk communication to overcome barriers is offered using a combination of theoretically underpinned approaches and exemplars from practice, presented to have broad applicability across the public sector rather than being siloed within a specific professional grouping or theoretical paradigm.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eChapter 1. What is Risk? \u003cbr\u003e Chapter 2. Risk Assessment: The Three Eras of Risk Assessment \u003cbr\u003e Chapter 3. Risk Management \u003cbr\u003e Chapter 4. Risk Communication \u003cbr\u003e Chapter 5. Impacting on Decision Making and Outcomes \u003cbr\u003e Chapter 6. Inter-Professional Risk Practice and Co-Creation of Value in the Public Sector \u003cbr\u003e Concluding Remarks\u003c\/p\u003e","brand":"Emerald Publishing Limited","offers":[{"title":"Default Title","offer_id":48741739495767,"sku":"9781800436930","price":45.59,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781800436930.jpg?v=1720058638"},{"product_id":"reducing-risk-in-health-and-social-care-towards-outstanding-teams-and-services-2023-9781803883076","title":"Reducing Risk in Health and Social Care: Towards","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe Towards Outstanding series offers essential resources for health and social care services regulated by the Care Quality Commission, built around the 'five questions' that inspectors use (are services safe, effective, caring, responsive and well-led?).  Written by a senior CQC inspector, Reducing Risk in Health and Social Care takes a close-up look at the 'are they safe?' aspect of assessment, showing that exceptional safety is about the consistent and effective identification and mitigation of everyday risks for the service type. The CQC has introduced a new approach involving 'quality statements', with a greater focus on risk, and this will be the first book to include the new standards. Drawing on her extensive experience, Terri Salt sets readers on the path towards excellence by sharing examples of what works in other services, best practice, and key aspects of the CQC published guidance.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface Disclaimer  Introduction 1. Beginnings  PART 1: Regulation and risk 2. The changes to the way health and social care services will be regulated 2. Risk based inspections and ratings changes 3. Statutory Notifications; 4. Know your service! 5. How easy is it to get outstanding for the safe question 6. Human factors  PART 2: Quality Statements: a new approach  7. What are Quality Statements? 8. How Quality Statements link to regulations 9. The Fundamental Standards 10. Learning Culture 11. Safe systems, pathways and transitions 12. Safeguarding 13. Involving people to manage risks 14. Safe environments 15. Safe and effective staffing 16. Infection prevention and control 17. Medicines optimisation 18. Risk register  Conclusion  19. Summary","brand":"Pavilion Publishing and Media Ltd","offers":[{"title":"Default Title","offer_id":48741865357655,"sku":"9781803883076","price":36.71,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781803883076.jpg?v=1720059096"},{"product_id":"principles-of-emergency-planning-and-management-9781903544105","title":"Principles of Emergency Planning and Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eDavid Alexander provides a concise yet comprehensive and systematic primer on how to prepare for a disaster. The book introduces the methods, procedures, protocols and strategies of emergency planning, with an emphasis on situations within industrialized countries. It is designed to be a reference source and manual from which emergency mangers can extract ideas, suggestions and pro-forma methodologies to help them design and implement emergency plans.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface. Acknowledgements. 1 Aims, purpose and scope of emergency planning; 2 Methodology: making and using maps; 3 Methodology: analytical techniques; 4 The emergency plan and its activation; 5 The plan in practice: emergency management; 6 Specialized planning; 7 Reconstructive planning; 8 Emergency-management training; 9 Concluding thoughts. Glossary. Bibliography. Index\u003c\/p\u003e","brand":"Liverpool University Press","offers":[{"title":"Default Title","offer_id":48742434046295,"sku":"9781903544105","price":45.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781903544105.jpg?v=1720061377"},{"product_id":"project-finance-structuring-valuation-and-risk-management-for-major-projects-9783030967246","title":"Project Finance: Structuring, Valuation and Risk","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eLarge projects are defining moments for companies and countries. When large projects succeed, they can dramatically improve the social and economic conditions in a region. This book focuses on major aspects of the world’s largest infrastructural, industrial and public service projects through the lens of structuring, valuing, managing risk and financing projects. The book analyses and discuss large projects in government, private and public and private partnership. The author sheds light into the attributes of project finance which have unique structural elements. The book focuses on case studies related to 50 mega projects which includes infrastructural projects, energy related projects, industrial projects, roads, ports and bridges among others. This book covers both the theoretical aspects of financing of mega projects and the practical applications by including case studies of the world’s largest projects in terms of value.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eChapter 1. Trends in Infrastructure Industry.- Chapter 2. Infrastructure Financing Instruments.- Chapter 3. Risks inherent in Project Finance and its mitigation.- Chapter 4. Structuring and Implementation of the Project.- Chapter 5. The Chuo Shinkansen Project, Japan.- Chapter 6. Developing the World’s Largest Passenger Aircraft- Airbus A3XX.- Chapter 7. South North Water Transfer Project China.- Chapter 8. Dubailand Project.- Chapter 9. International Space Station.- Chapter 10. Al Maktoum International Airport.- Chapter 11. California High Speed Rail Project.- Chapter 12. London Cross Rail Project.- Chapter 13. Beijing Daxing International Airport.- Chapter 14. Jubail II Industrial City.- Chapter 15. Hong Kong Zhuhai Macao Bridge (HZMB).- Chapter 16. Gotthard Base Tunnel (GBT).- Chapter 17. Channel Tunnel UK.- Chapter 18. Doha Metro.- Chapter 19. Panama Canal Expansion.- Chapter 20. Three Gorges Dam.- Chapter 21. One World Trade Center.- Chapter 22. Making of the tallest building -Burj Khailfa.- Chapter 23. Shanghai World Financial Center.- Chapter 24. Dolphin Gas Project.- Chapter 25. Bhadla Solar Park.- Chapter 26. Tengger Solar Park Project China.- Chapter 27. Millau Viaduct.- Chapter 28. Jiaozhou Bay Bridge Project.- Chapter 29. Trans-Siberian Railway Project.- Chapter 30. Pan-American Highway.- Chapter 31. Port of Shanghai.- Chapter 32. Sakhalin Project –II.- Chapter 33. Ichthys LNG Project.- Chapter 34. Kashagan Oil Field Development Project.- Chapter 35. Barzan gas project.- Chapter 36. Australian Japan Cable.- Chapter 37. Addis Ababa–Djibouti Railway.- Chapter 38. Port Mann Bridge Vancouver.- Chapter 39. Chernobyl New Safe Confinement Project.- Chapter 40. Kashiwazaki Kariwa Nuclear Project Japan.- Chapter 41. Kudankulam Nuclear Power Plant, India.- Chapter 42. Boundary Dam Power Station.- Chapter 43. Boeing 787 Dreamliner Project.- Chapter 44. Shanghai Metro.- Chapter 45. São Francisco River Basin Project.- Chapter 46. Kazan Smart City Project.- Chapter 47. Masdar City.- Chapter 48. Delhi Mumbai Industrial Corridor Project.- Chapter 49. Golden Quadrilateral Highway, India.- Chapter 50. Hong Kong Disney Land Project.- Chapter 51. Jamnagar Refinery Project, India.- Chapter 52. Big Dig Project.- Chapter 53. North-South Corridor Road\/Rail Project.- Chapter 54. Great Man Made River Water Supply Project, Libya.","brand":"Springer Nature Switzerland AG","offers":[{"title":"Default Title","offer_id":48743062339927,"sku":"9783030967246","price":71.24,"currency_code":"GBP","in_stock":true}]},{"product_id":"risk-management-fundamentals-theory-and-practice-in-asia-9789811634703","title":"Risk Management: Fundamentals, Theory, and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis book outlines risk management theory systematically and comprehensively while distinguishing it from academic fields such as insurance theory. In addition, the book builds a risk financing theory that is independent of insurance theory.\u003c\/p\u003e\u003cp\u003eUntil now, risk management (RM) theory has been discussed while the framework of the theory has remained unclear. However, this book, unlike previous books of this type, provides risk management theory after presenting a framework for it. \u003c\/p\u003e\u003cp\u003eEnterprise risk management (ERM)  is seen differently depending on one’s position. For accountants, it is a means for internal control to prevent accounting fraud, whereas for financial institutions, it quantifies the risk that administrators can take to meet supervisory standards. Therefore, most of the ERM outlines are written to suit the intended uses or topics, with no systematic RM overviews. This book discusses a systematic RM theory linked to the framework of it, unlike previous books that were written according to topic.\u003c\/p\u003e\u003cp\u003eAfter the Enron scandal in December 2001 and WorldCom accounting fraud in June 2002, several laws were enacted or revised throughout the world, such as the SOX Act(Sarbanes-Oxley Act) in the United States and the Financial Instruments and Exchange Law and Companies Act in Japan. In this process, the COSO(Committee of Sponsoring Organizations of Treadway Commission) published their ERM framework, while the ISO (International Organization for Standardization) published their RM framework. The author believes that the competition between these frameworks was an opportunity to systematize RM theory and greatly develop it as an independent discipline from insurance. \u003c\/p\u003e\u003cp\u003e On the other hand, the Great East Japan Earthquake that occurred on March 11, 2011, caused enormous losses. Also, because pandemics and cyber risks are increasing, businesses must have a comprehensive and systematic ERM for these risks associated with their business activities\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eTable of contents             2\u003c\/p\u003e  \u003cp\u003eList of Figures and Tables\u003c\/p\u003e  \u003cp\u003eForeword            14\u003c\/p\u003e  \u003cp\u003ePart 1 - General Theory of Risk Management      16\u003c\/p\u003e  \u003cp\u003eChapter 1 The concept of risk and corporate risk               17\u003c\/p\u003e  \u003cp\u003e1. The concept of risk     17\u003c\/p\u003e  \u003cp\u003e(1) Risk in insurance        17\u003c\/p\u003e  \u003cp\u003e(2) Deviation from expected value           18\u003c\/p\u003e  (3) Black Swan   19\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e2. Classification by insurance potential   19\u003c\/p\u003e  \u003cp\u003e(1) Pure risk and speculative risk               19\u003c\/p\u003e  \u003cp\u003e(2) Static risk and dynamic risk    20\u003c\/p\u003e  \u003cp\u003e3. Corporate risk types  20\u003c\/p\u003e  \u003cp\u003e(1) Market risk  21\u003c\/p\u003e  \u003cp\u003e(2) Credit risk     23\u003c\/p\u003e  \u003cp\u003e(3) Operational risk         27\u003c\/p\u003e  \u003cp\u003eChapter 2 Corporate risk management and related fields              31\u003c\/p\u003e  \u003cp\u003e1. Risk management       31\u003c\/p\u003e  2. Corporate risk management  32\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e3. Crisis management     36\u003c\/p\u003e  \u003cp\u003e4. Business continuity plan           38\u003c\/p\u003e  \u003cp\u003e5. Business continuity management        43\u003c\/p\u003e  \u003cp\u003eChapter 3 Accounting Fraud and Internal Control              46\u003c\/p\u003e  \u003cp\u003e1. Frequent accounting fraud     46\u003c\/p\u003e  \u003cp\u003e(1) Enron             46\u003c\/p\u003e  \u003cp\u003e(2) WorldCom    49\u003c\/p\u003e  \u003cp\u003e(3) Cockroach theory      50\u003c\/p\u003e  2. SOX act            51\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e3. Companies act              53\u003c\/p\u003e  \u003cp\u003e4. Japanese version of the SOX Act (Financial Instruments and Exchange Act)      54\u003c\/p\u003e  \u003cp\u003e5. Companies act and Japanese SOX act 55\u003c\/p\u003e  \u003cp\u003eChapter 4  COSO-ERM framework            58\u003c\/p\u003e  \u003cp\u003e1. COSO Organization     58\u003c\/p\u003e  \u003cp\u003e2. Internal control framework    58\u003c\/p\u003e  \u003cp\u003e3. COSO-ERM framework             63\u003c\/p\u003e  (1) ERM framework establishment          63\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e(2) Definition of ERM      65\u003c\/p\u003e  \u003cp\u003e(3) Features of COSO-ERM          65\u003c\/p\u003e  \u003cp\u003e(4) COSO-ERM objective categories         67\u003c\/p\u003e  \u003cp\u003e(5) COSO-ERM basic components             68\u003c\/p\u003e  \u003cp\u003e(6) Effectiveness and limitations of COSO ERM   69\u003c\/p\u003e  \u003cp\u003e4. COSO-ERM (2017)       71\u003c\/p\u003e  \u003cp\u003e(1) Outline of COSO-ERM (2017)                71\u003c\/p\u003e  \u003cp\u003e(2) Main COSO-ERM (2017) revisions       75\u003c\/p\u003e  \u003cp\u003e(3) Relationship with internal control of COSO-ERM (2017)            78\u003c\/p\u003e  \u003cp\u003eChapter 5  ISO RM Framework   79\u003c\/p\u003e  \u003cp\u003e1. ISO organizations and risk management standards      79\u003c\/p\u003e  \u003cp\u003e2. Risk and risk management definitions                80\u003c\/p\u003e  \u003cp\u003e3. ISO 31000 system        81\u003c\/p\u003e  \u003cp\u003e4. Principles (ISO 31000:2018)     83\u003c\/p\u003e  \u003cp\u003e5. Framework (ISO 31000:2018) 85\u003c\/p\u003e  \u003cp\u003e6. Processes (ISO 31000:2018)    87\u003c\/p\u003e  7. Features of ISO 31000               90\u003cp\u003e\u003c\/p\u003e  \u003cp\u003eChapter 6 Risk Assessment          92\u003c\/p\u003e  \u003cp\u003e1. Risk assessment overview      92\u003c\/p\u003e  \u003cp\u003e2. Risk assessment technique     93\u003c\/p\u003e  \u003cp\u003e3. Risk identification        94\u003c\/p\u003e  \u003cp\u003e4. Risk analysis   95\u003c\/p\u003e  \u003cp\u003e(1) Overview of risk analysis        95\u003c\/p\u003e  \u003cp\u003e(2) Consequence analysis             97\u003c\/p\u003e  \u003cp\u003e(3) Scenario analysis       97\u003c\/p\u003e  (4) Quantitative risk analysis indicators   103\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e(5) Risk curve     104\u003c\/p\u003e  \u003cp\u003e(6) Risk matrix   105\u003c\/p\u003e  \u003cp\u003e5. Risk evaluation             106\u003c\/p\u003e  \u003cp\u003e6. Risk communication   109\u003c\/p\u003e  \u003cp\u003eChapter 7 VaR (Value at Risk)     112\u003c\/p\u003e  \u003cp\u003e1. Probability      112\u003c\/p\u003e  \u003cp\u003e(1) Concept of probability            112\u003c\/p\u003e  \u003cp\u003e(2) Variance and standard deviation        114\u003c\/p\u003e  \u003cp\u003e2. Value at Risk  119\u003c\/p\u003e  (1) VaR concept                119\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e(2) Origin and development of VaR          120\u003c\/p\u003e  \u003cp\u003e(3) VaR measurement method  122\u003c\/p\u003e  \u003cp\u003e(4) Limits of VaR               124\u003c\/p\u003e  \u003cp\u003e3. Expected loss and unexpected loss     125\u003c\/p\u003e  \u003cp\u003e4. VaR by risk type           126\u003c\/p\u003e  \u003cp\u003e5. Stress test      127\u003c\/p\u003e  \u003cp\u003ePart II Risk Financing       129\u003c\/p\u003e  \u003cp\u003eChapter 8 Risk Treatment and ART           130\u003c\/p\u003e  1. Risk treatment overview         130\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e2. Risk treatment measures        131\u003c\/p\u003e  \u003cp\u003e(1) Risk treatment measures overview  131\u003c\/p\u003e  \u003cp\u003e(2) Risk control  133\u003c\/p\u003e  \u003cp\u003e(3) Risk Financing             134\u003c\/p\u003e  \u003cp\u003e3. ART and risk financing               136\u003c\/p\u003e  \u003cp\u003e4. Financial market          141\u003c\/p\u003e  \u003cp\u003e5. Impact of ARTs on finances     142\u003c\/p\u003e  Chapter 9 Limitations of insurance as a risk financing tool              146\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e1. Insurance and risk financing   146\u003c\/p\u003e  \u003cp\u003e2. Insurable interest and insurance          147\u003c\/p\u003e  \u003cp\u003e(1) Insurable interest and prohibition of gain       147\u003c\/p\u003e  \u003cp\u003e(2) Relationship between insurable value and sum insured          149\u003c\/p\u003e  \u003cp\u003e(3) Subrogation 151\u003c\/p\u003e  \u003cp\u003e3. Insurance Crisis in the United States   153\u003c\/p\u003e  \u003cp\u003e(1) The start of the insurance crisis in the United States 153\u003c\/p\u003e  \u003cp\u003e(2) Underwriting cycle   154\u003c\/p\u003e  \u003cp\u003e(3) Cash flow underwriting          155\u003c\/p\u003e  \u003cp\u003e(4) Punitive damages     156\u003c\/p\u003e  \u003cp\u003e(5) PL (Products Liability) lawsuit               158\u003c\/p\u003e  \u003cp\u003e(6) Court system              159\u003c\/p\u003e  \u003cp\u003eChapter 10 Captive Insurers and Finite Insurance              162\u003c\/p\u003e  \u003cp\u003e1. Captive insurance companies                162\u003c\/p\u003e  \u003cp\u003e(1) Definition of a captive insurance company     162\u003c\/p\u003e  \u003cp\u003e(2) Captive insurance companies types  163\u003c\/p\u003e  (3) Japanese operating companies and captive insurance companies       167\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e(4) Benefits of captive insurance companies        170\u003c\/p\u003e  \u003cp\u003e2. Finite insurance           171\u003c\/p\u003e  \u003cp\u003eChapter 11 Contingent capital    176\u003c\/p\u003e  \u003cp\u003e1. Contingent capital overview   176\u003c\/p\u003e  \u003cp\u003e2. Contingent Debt          177\u003c\/p\u003e  \u003cp\u003e(1) Commitment line      177\u003c\/p\u003e  \u003cp\u003e(2) Contingent loan         181\u003c\/p\u003e  \u003cp\u003e3. Contingent Equity       182\u003c\/p\u003e  (1) Contingent equity (CoCo bond)          182\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e(2) Contingent surplus notes and contingent equity puts               185\u003c\/p\u003e  \u003cp\u003eChapter 12 Securitization and Insurance Linked Securities             188\u003c\/p\u003e  \u003cp\u003e1. Asset-backed securities           188\u003c\/p\u003e  \u003cp\u003e2. Real estate securitization         189\u003c\/p\u003e  \u003cp\u003e3. Securitization of receivables   190\u003c\/p\u003e  \u003cp\u003e4. Securitization and the financial crisis   195\u003c\/p\u003e  \u003cp\u003e(1) Subprime loans          195\u003c\/p\u003e  \u003cp\u003e(2) CDS 197\u003c\/p\u003e  \u003cp\u003e(3) CDS and subprimes  199\u003c\/p\u003e  \u003cp\u003e5. Insurance Linked Securities    200\u003c\/p\u003e  \u003cp\u003e(1) The emergence of insurance-linked securities             200\u003c\/p\u003e  \u003cp\u003e(2) The mechanism of insurance-linked securities             204\u003c\/p\u003e  \u003cp\u003e(3) Trigger           206\u003c\/p\u003e  \u003cp\u003e6. Japan's earthquake insurance and ILS                208\u003c\/p\u003e  Chapter 13　Insurance linked security types      224\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e1. Cat bonds       224\u003c\/p\u003e  \u003cp\u003e(1) Cat bond mechanism               224\u003c\/p\u003e  \u003cp\u003e(2) Cat bond effects        226\u003c\/p\u003e  \u003cp\u003e(3) Cat bond issuance example  228\u003c\/p\u003e  \u003cp\u003e2. Sidecar             234\u003c\/p\u003e  \u003cp\u003e3. ILW    236\u003c\/p\u003e  4. Collateralized reinsurance       239\u003cp\u003e\u003c\/p\u003e  \u003cp\u003eChapter 14 Derivatives and Insurance Derivatives             241\u003c\/p\u003e  \u003cp\u003e1. Derivatives     241\u003c\/p\u003e  \u003cp\u003e(1) Overview of derivatives         241\u003c\/p\u003e  \u003cp\u003e(2) Futures          244\u003c\/p\u003e  \u003cp\u003e(3) Options         246\u003c\/p\u003e  \u003cp\u003e(4) Swap              251\u003c\/p\u003e  \u003cp\u003e2. Insurance derivatives                255\u003c\/p\u003e  Chapter 15 Weather derivatives trading                259\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e1. Weather risk and companies  259\u003c\/p\u003e  \u003cp\u003e2. Weather derivatives  262\u003c\/p\u003e  \u003cp\u003e(1) Features of weather derivatives        262\u003c\/p\u003e  \u003cp\u003e(2) Types of weather derivatives              263\u003c\/p\u003e  \u003cp\u003e(3) Effects of weather derivatives            267\u003c\/p\u003e  \u003cp\u003e3. Weather derivatives trading   269\u003c\/p\u003e  \u003cp\u003e(1) CDD and HDD              269\u003c\/p\u003e  (2) Listing of weather derivatives              270\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e4. Weather derivatives in Japan 271\u003c\/p\u003e  \u003cp\u003e5. Examples of weather derivative products        273\u003c\/p\u003e  \u003cp\u003e(1) Risk exchange transactions   273\u003c\/p\u003e  \u003cp\u003e(2) Non-life insurance company products             275\u003c\/p\u003e  \u003cp\u003e(Bibliography\/Sources)  279\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e","brand":"Springer Verlag, Singapore","offers":[{"title":"Default Title","offer_id":48743290765655,"sku":"9789811634703","price":62.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9789811634703.jpg?v=1720064950"},{"product_id":"the-black-swan-9780141034591","title":"The Black Swan","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eThe phenomenal international bestseller that shows us how to stop trying to predict everything - and take advantage of uncertainty\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eWhat have the invention of the wheel, Pompeii, the Wall Street Crash, Harry Potter and the internet got in common? Why are all forecasters  con-artists? Why should you never run for a train or read a newspaper? \u003cbr\u003e\u003cbr\u003eThis book is all about Black Swans: the random events that underlie our lives, from bestsellers to world disasters. Their impact is huge; they''re impossible to predict; yet after they happen we always try to rationalize them. \u003cbr\u003e\u003cbr\u003e''Taleb is a bouncy and even exhilarating  guide ... I came to relish what he said, and even develop a sneaking affection for him as a person'' Will Self, \u003ci\u003eIndependent on Sunday\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e''He leaps like some superhero of the mind'' Boyd Tonkin, \u003ci\u003eIndependent\u003c\/i\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eA fascinating study of how we are regularly taken for suckers by the unexpected * Guardian *\u003cbr\u003eLike the conversation of a raconteur ... hugely enjoyable - compelling * Financial Times *\u003cbr\u003eIt has altered modern thinking * The Times *\u003cbr\u003eConfirms his status as a guru for every would-be Damien Hirst, George Soros and aspirant despot * Sunday Times *\u003cbr\u003e\u003ci\u003eThe Black Swan\u003c\/i\u003e changed my view of how the world works -- Daniel Kahneman, author of Thinking, Fast and Slow\u003cbr\u003eGreat fun... brash, stubborn, entertaining, opinionated, curious, cajoling -- Stephen J. Dubner, co-author of Freakonomics\u003cbr\u003eThe most prophetic voice of all * GQ *","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48864181453143,"sku":"9780141034591","price":12.34,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141034591.jpg?v=1722270774"},{"product_id":"the-cme-group-risk-management-handbook-9780470137710","title":"The Cme Group Risk Management Handbook","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eInvaluable insights on trading today's futures market  The CME Risk Management Handbook provides an accessible overview of the futures market in today's electronic world of trading. Page by page, it outlines the various CME products currently available and explains how those products can be used to manage risk.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eForeword by \u003ci\u003eLeo Melamed\u003c\/i\u003e.  \u003cp\u003ePrologue by \u003ci\u003eTerry Duffy\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003eIntroduction by \u003ci\u003eCraig S. Donohue\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Futures Market Fundamentals.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Futures Contract?\u003c\/p\u003e \u003cp\u003eOverview of Popular Financial Futures Contracts.\u003c\/p\u003e \u003cp\u003eAnatomy of a Futures Transaction.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Order Entry and Execution Methodologies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOpen Outcry or Pit Trading.\u003c\/p\u003e \u003cp\u003eIntroduction of the CME Globex Platform.\u003c\/p\u003e \u003cp\u003eTrade Matching Algorithms.\u003c\/p\u003e \u003cp\u003eAbout Options Markets.\u003c\/p\u003e \u003cp\u003eEx-Pit Trading.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Role of the Clearinghouse.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Safeguards.\u003c\/p\u003e \u003cp\u003eFinancial Surveillance.\u003c\/p\u003e \u003cp\u003eDefault by a Clearing Member.\u003c\/p\u003e \u003cp\u003eResources Backing CME Group Clearing System.\u003c\/p\u003e \u003cp\u003eCustomer Protection.\u003c\/p\u003e \u003cp\u003eDisaster Recovery and Business Continuity.\u003c\/p\u003e \u003cp\u003eRule Enforcement.\u003c\/p\u003e \u003cp\u003eFinancial and Regulatory Information Sharing.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Currency Futures: The First Financial Futures.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEvolution of Foreign Exchange Marketplace.\u003c\/p\u003e \u003cp\u003eOver-the-Counter Currency Trading Vehicles.\u003c\/p\u003e \u003cp\u003eExchange-Traded Currency Futures and Options.\u003c\/p\u003e \u003cp\u003eForeign Exchange Market Growth and Trends.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Stock Index Futures: The First Financial Futures.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMechanics of Stock Index Futures.\u003c\/p\u003e \u003cp\u003eE-Minis versus Exchange-Traded-Funds.\u003c\/p\u003e \u003cp\u003ePricing Stock Index Futures.\u003c\/p\u003e \u003cp\u003eSpreading Stock Index Futures.\u003c\/p\u003e \u003cp\u003eHedging with Stock Index Futures.\u003c\/p\u003e \u003cp\u003ePortable Alpha Strategies.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Eurodollar Futures: Interest Rate Market Building Blocks.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEurodollar Futures Market.\u003c\/p\u003e \u003cp\u003eSpeculating on Shape of Yield Curve.\u003c\/p\u003e \u003cp\u003eTerm Treasury\/Eurodollar (TED) Spreads with Futures and Options.\u003c\/p\u003e \u003cp\u003eInterest Rate Swap Market.\u003c\/p\u003e \u003cp\u003eGrowing Up Together.\u003c\/p\u003e \u003cp\u003ePricing Relationship.\u003c\/p\u003e \u003cp\u003eHedging Techniques.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eTechnical Appendix: Complications and Shortcuts for Pricing and Hedging Swaps.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Understanding U.S. Treasury Futures.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCoupon-Bearing Treasury Securities.\u003c\/p\u003e \u003cp\u003eTreasury Futures Delivery Practices.\u003c\/p\u003e \u003cp\u003eMeasuring Risk of Coupon-Bearing Securities.\u003c\/p\u003e \u003cp\u003eRisk Management with Treasury Futures.\u003c\/p\u003e \u003cp\u003eMacro Hedging with Treasury Futures.\u003c\/p\u003e \u003cp\u003eTrading the Yield Curve with Treasury Futures.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Commodities: Backbone of the Futures Industry.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Are Commodities?\u003c\/p\u003e \u003cp\u003eGrain Markets.\u003c\/p\u003e \u003cp\u003eLivestock Markets.\u003c\/p\u003e \u003cp\u003eEnergy Products.\u003c\/p\u003e \u003cp\u003ePrecious Metals.\u003c\/p\u003e \u003cp\u003eThe Forward Curve.\u003c\/p\u003e \u003cp\u003eIntermarket Commodity Spreading.\u003c\/p\u003e \u003cp\u003eClearPort Over-the-Counter Clearing Facility.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eAppendix: Major Commodity Market Specifications.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Alternative Investment Market fundamentals.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWeather.\u003c\/p\u003e \u003cp\u003eResidential Housing Futures.\u003c\/p\u003e \u003cp\u003eEconomic Indicators.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Fundamental Market Indicators.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy These Indicators?\u003c\/p\u003e \u003cp\u003eTrading Volumes.\u003c\/p\u003e \u003cp\u003eVolatility: Daily Net Change.\u003c\/p\u003e \u003cp\u003eVolitility: Daily High-Low Range.\u003c\/p\u003e \u003cp\u003eConclusions.\u003c\/p\u003e \u003cp\u003eAppendix: Economic Indicator Descriptions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Technical Analysis Primer.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Technical Analysis?\u003c\/p\u003e \u003cp\u003eInterpreting Charts.\u003c\/p\u003e \u003cp\u003eElliot Wave Theory.\u003c\/p\u003e \u003cp\u003eIntraday Trading Techniques.\u003c\/p\u003e \u003cp\u003eTrend-Following Systems.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Fundamentals of Option Markets.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is an Option?\u003c\/p\u003e \u003cp\u003eMathematical Option Pricing Models.\u003c\/p\u003e \u003cp\u003eHistoric and Implied Volatilities.\u003c\/p\u003e \u003cp\u003eMeasuring Option Performance.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Option Trading Strategies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOption Spreads.\u003c\/p\u003e \u003cp\u003eHorizontal Spreads.\u003c\/p\u003e \u003cp\u003eDiagonal Spreads.\u003c\/p\u003e \u003cp\u003eComparing Verticals, Horizontals, and Diagonals.\u003c\/p\u003e \u003cp\u003eWeighted Spreads.\u003c\/p\u003e \u003cp\u003eVolatility-Driven Strategies.\u003c\/p\u003e \u003cp\u003eSpecialty Option Strategies.\u003c\/p\u003e \u003cp\u003eMatching Strategy and Forecast.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Hedging with Options.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBaseline Futures Hedge.\u003c\/p\u003e \u003cp\u003eBuying Protection with Puts.\u003c\/p\u003e \u003cp\u003eYield Enhancement with Calls.\u003c\/p\u003e \u003cp\u003eIn- and Out-of-the-Money Options.\u003c\/p\u003e \u003cp\u003eMatching Strategy with Forecast.\u003c\/p\u003e \u003cp\u003eCollar Strategy.\u003c\/p\u003e \u003cp\u003eDelta-Neutral Hedge.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eAbout the Authors and Contributors.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48864623952215,"sku":"9780470137710","price":56.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470137710.jpg?v=1722272780"},{"product_id":"security-risk-management-body-of-knowledge-9780470454626","title":"Security Risk Management Body of Knowledge","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA practitioner's handbook that integrates knowledge, competencies, methodologies and applications across the discipline. Can improve the effectiveness of organizational and individual Risk Management practices by documenting and integrating best-practice concepts from a range of complementary disciplines.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cb\u003ePREFACE xiii\u003c\/b\u003e  \u003cp\u003e\u003cb\u003eACKNOWLEDGMENTS xv\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eABOUT SRMBOK xvii\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 INTRODUCTION AND OVERVIEW 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Why SRMBOK? 1\u003c\/p\u003e \u003cp\u003e1.2 Where Do We Go from Here? 3\u003c\/p\u003e \u003cp\u003e1.3 What is Security Risk Management? 4\u003c\/p\u003e \u003cp\u003e1.4 How does SRM Relate to Risk Management? 11\u003c\/p\u003e \u003cp\u003e1.5 Conclusion, 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 SECURITY RISK MANAGEMENT CONTEXT 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 The Changing Security Environment, 15\u003c\/p\u003e \u003cp\u003e2.2 Changing Concepts in Security Risk Management, 16\u003c\/p\u003e \u003cp\u003e2.3 Origins of Security and Risk Management, 18\u003c\/p\u003e \u003cp\u003e2.4 Trends and Future Directions, 18\u003c\/p\u003e \u003cp\u003e2.5 Globalization, Opportunity, and Volatility, 19\u003c\/p\u003e \u003cp\u003e2.6 Transnational and Extrajurisdictional Risks, 20\u003c\/p\u003e \u003cp\u003e2.7 Law, Regulatory Framework, and Ramifications for Management, 21\u003c\/p\u003e \u003cp\u003e2.8 Diversification or Concentration? 22\u003c\/p\u003e \u003cp\u003e2.9 Political Awareness, 23\u003c\/p\u003e \u003cp\u003e2.10 Risk versus Reward, 24\u003c\/p\u003e \u003cp\u003e2.11 Summary of Key Points, 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 SECURITY GOVERNANCE 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Introduction, 27\u003c\/p\u003e \u003cp\u003e3.2 What Is Security Governance? 28\u003c\/p\u003e \u003cp\u003e3.3 Duty of Care, 28\u003c\/p\u003e \u003cp\u003e3.4 Resilience, 30\u003c\/p\u003e \u003cp\u003e3.5 Security Culture, 37\u003c\/p\u003e \u003cp\u003e3.6 Governance Frameworks, 38\u003c\/p\u003e \u003cp\u003e3.7 Incident Management and Reporting, 41\u003c\/p\u003e \u003cp\u003e3.8 Summary of Key Points, 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 SRMBOK FRAMEWORK 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 SRMBOK Guiding Principles, 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 PRACTICE AREAS 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Introduction, 53\u003c\/p\u003e \u003cp\u003e5.2 Security Management, 56\u003c\/p\u003e \u003cp\u003e5.3 Physical Security, 59\u003c\/p\u003e \u003cp\u003e5.4 People Security, 63\u003c\/p\u003e \u003cp\u003e5.5 ICT Security, 77\u003c\/p\u003e \u003cp\u003e5.6 Information Security, 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 STRATEGIC KNOWLEDGE AREAS 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Introduction, 97\u003c\/p\u003e \u003cp\u003e6.2 Exposure, 105\u003c\/p\u003e \u003cp\u003e6.3 Risk, 130\u003c\/p\u003e \u003cp\u003e6.4 Resources, 166\u003c\/p\u003e \u003cp\u003e6.5 Quality, 172\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 OPERATIONAL COMPETENCY AREAS 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Business Integration, 195\u003c\/p\u003e \u003cp\u003e7.2 Functional Design, 202\u003c\/p\u003e \u003cp\u003e7.3 Implementation Management, 204\u003c\/p\u003e \u003cp\u003e7.4 Assurance and Audit, 211\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 ACTIVITY AREAS 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Introduction, 219\u003c\/p\u003e \u003cp\u003e8.2 Intelligence, 224\u003c\/p\u003e \u003cp\u003e8.3 Protective Security, 230\u003c\/p\u003e \u003cp\u003e8.4 Response, 231\u003c\/p\u003e \u003cp\u003e8.5 Recovery and Continuity, 242\u003c\/p\u003e \u003cp\u003e8.6 Summary of Key Points, 253\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 SECURITY RISK MANAGEMENT ENABLERS 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Introduction, 255\u003c\/p\u003e \u003cp\u003e9.2 Summary of Key Points, 259\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 ASSET AREAS 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 What Is an Asset? 261\u003c\/p\u003e \u003cp\u003e10.2 Key Asset Groups, 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 SRM INTEGRATION 269\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 SRM Integration with Enterprise Risk Management, 273\u003c\/p\u003e \u003cp\u003e11.2 ERM Frameworks, 274\u003c\/p\u003e \u003cp\u003e11.3 Implementing an Integrated ERM Program, 276\u003c\/p\u003e \u003cp\u003e11.4 Summary of Key Points, 282\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 SRM LEXICON 285\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Introduction, 285\u003c\/p\u003e \u003cp\u003e12.2 Illustrations, 286\u003c\/p\u003e \u003cp\u003e12.3 Notes to Readers, 289\u003c\/p\u003e \u003cp\u003e12.4 Definitions, 290\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 SAMPLE TEMPLATES 339\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Security Risk Register form (Example 1), 340\u003c\/p\u003e \u003cp\u003e13.2 Security Risk Register form (Example 2), 340\u003c\/p\u003e \u003cp\u003e13.3 Risk Treatment Schedule (Example 1), 341\u003c\/p\u003e \u003cp\u003e13.4 Risk Treatment Schedule (Example 2), 341\u003c\/p\u003e \u003cp\u003e13.5 Outline Security Plan, 342\u003c\/p\u003e \u003cp\u003e13.6 Day-to-Day Operational Governance Registers, 343\u003c\/p\u003e \u003cp\u003e13.7 Property Selection and Security Planning Checklist, 349\u003c\/p\u003e \u003cp\u003e13.8 Sample Commitment Statement to Security and Risk Management, 361\u003c\/p\u003e \u003cp\u003e13.9 Sample Bomb Threat Checklist, 362\u003c\/p\u003e \u003cp\u003e13.10 Sample Bomb Threat Room Search Checklist, 364\u003c\/p\u003e \u003cp\u003e13.11 Evaluation Criteria for Business Continuity and Organizational Resilience, 365\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 ABOUT THE LEAD AUTHORS 417\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Julian Talbot, CPP, 417\u003c\/p\u003e \u003cp\u003e14.2 Dr Miles Jakeman, 418\u003c\/p\u003e \u003cp\u003e\u003cb\u003eBIBLIOGRAPHY AND OTHER REFERENCES 419\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eINDEX 427\u003c\/b\u003e\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48864628638039,"sku":"9780470454626","price":88.3,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470454626.jpg?v=1722272801"},{"product_id":"trading-at-the-speed-of-light-9780691211381","title":"Trading at the Speed of Light","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"Winner of the Bronze Medal in Business Technology, Axiom Business Book Awards\"\u003cbr\u003e\"I loved this book. . . . \u003ci\u003eTrading at the Speed of Light\u003c\/i\u003e is an amazing, detailed account of why material reality matters for virtual outcomes, and conversely, in the financial markets. Everybody with the slightest interest in modern finance should read it.\"\u003cb\u003e---Diane Coyle, \u003ci\u003eEnlightened Economist\u003c\/i\u003e\u003c\/b\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":48865548206423,"sku":"9780691211381","price":29.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780691211381.jpg?v=1722274503"},{"product_id":"rethinking-reputational-risk-9780749477363","title":"Rethinking Reputational Risk","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eAnthony Fitzsimmons\u003c\/b\u003e is Chairman of Reputability LLP and an authority and leading thinker on reputational risk and the propensity of behavioural and organizational risks to cause reputational damage.   \u003cb\u003eDerek Atkins\u003c\/b\u003e BSc PhD MIMMM CEng FCIM FCII Chartered Insurer was a visiting Professor at Cass Business School, London, teaching risk management, reputational risk, and insurance, and a partner in Reputability LLP. He was the co-author of a dozen books.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"An exceptional book for learning at every level - whether you are a business school student or a chief executive; Prime Minister or a new recruit into the civil service.\" * Lord Owen CH FRCP, Former UK Foreign Secretary and author of 'The Hubris Syndrome' *\u003cbr\u003e\"The authors have examined trust in business through the lens of reputational risk and identified themes that really matter. Their well-illustrated commentary is good read for business leaders at all levels.\" * Dame Alison Carnwath, Company Chair, Audit Committee Chair, NED and Supervisory board member *\u003cbr\u003e\"This book is written in the riveting style worthy of a subject often overlooked. The authors' discussion of collateral damage and guilt by association was especially intriguing.\" * Senator Bob Graham, Co-Chairman of the National Presidential Commission on the Deepwater Horizon Disaster *\u003cbr\u003e\"The authors highlight the role of culture and conduct and of the wider responsibilities of organisations to their customers and to the public. I much endorse their recommendations to business leaders. It is instructive to see this subject handled with such conviction and clarity.\" * Sir Winfried Bischoff, Chairman, Financial Reporting Council *\u003cbr\u003e\"The authors show why the most valuable core competence for leaders everywhere is the ability to understand how people actually feel, think and behave, and how to manage risks from people effectively. This is just as important for government and the public sector as for private sector organisations.\" * Richard Bacon MP, Deputy Chairman, House of Commons Public Accounts Committee *\u003cbr\u003e\"This thoroughly enjoyable book is a must-read for leaders of all organizations at all levels, right up to the board and its leadership.\" * Dr Kiyoshi Kurokuwa, Chairman of the Independent Investigation Commission of Fukushima Nuclear Accident by the National Diet of Japan *\u003cbr\u003e\"I very much welcome this book as a comprehensive and insightful study into one of the most critical but often neglected aspects of risk management - reputational risk.\" * John Hurrell, Chief Executive of AIRMIC *\u003cbr\u003e\"\u003cb\u003e\u003ci\u003eRethinking Reputational Risk\u003c\/i\u003e\u003c\/b\u003e is an excellent contribution to the understanding of reputation as a key indicator of the quality of a company's leadership, culture and material stakeholder relationships.\" * Colin Melvin, Head of Global Stewardship, Hermes Investment Management *\u003cbr\u003e\"This book will be chastening reading for company board members. Other readers will be fascinated, and also horrified, by the systematic risk-blindness of those who oversee our largest and most powerful companies.\" * Professor Andrew Hopkins, author of 'Risky Rewards: How company bonuses affect safety’ *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cul\u003e\n\u003cli\u003eSection - ONE: Rethinking\u003c\/li\u003e\n\u003cli\u003e\u003cul\u003e\n\u003cli\u003eChapter - 01: Introduction\u003c\/li\u003e\n\u003cli\u003eChapter - 02: Reputation Basics\u003c\/li\u003e\n\u003cli\u003eChapter - 03: How Reputations are lost\u003c\/li\u003e\n\u003cli\u003eChapter - 04: What is Reputational Risk?\u003c\/li\u003e\n\u003cli\u003eChapter - 05: The hole in Classical Risk Management\u003c\/li\u003e\n\u003cli\u003eChapter - 06: Stakeholder Behaviour\u003c\/li\u003e\n\u003cli\u003eChapter - 07: Risks from failing to communicate and learn\u003c\/li\u003e\n\u003cli\u003eChapter - 08: Character, Culture and Ethos\u003c\/li\u003e\n\u003cli\u003eChapter - 09: Incentives\u003c\/li\u003e\n\u003cli\u003eChapter - 10: Complexity\u003c\/li\u003e\n\u003cli\u003eChapter - 11: Board composition, Skill, Knowledge, Experience and Behaviour\u003c\/li\u003e\n\u003cli\u003eChapter - 12: Risks from Strategy and Change\u003c\/li\u003e\n\u003cli\u003eChapter - 13: Incubation and complacency\u003c\/li\u003e\n\u003cli\u003eChapter - 14: The special role – and Risks – of leaders\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/li\u003e\n\u003cli\u003eSection - TWO: Case studies\u003c\/li\u003e\n\u003cli\u003e\u003cul\u003e\n\u003cli\u003eChapter - 15: BP: Texas City Explosion\u003c\/li\u003e\n\u003cli\u003eChapter - 16: BP: Deepwater Horizon\u003c\/li\u003e\n\u003cli\u003eChapter - 17: Tesco PLC\u003c\/li\u003e\n\u003cli\u003eChapter - 18: American International Group (AIG)\u003c\/li\u003e\n\u003cli\u003eChapter - 19: EADS Airbus A380\u003c\/li\u003e\n\u003cli\u003eChapter - 21: Volkswagen\u003c\/li\u003e\n\u003cli\u003eChapter - 22: Mid Staffordshire NHS Foundation Trust (Stafford Hospital)\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/li\u003e\n\u003cli\u003eSection - THREE: Practicalities\u003c\/li\u003e\n\u003cli\u003e\u003cul\u003e\n\u003cli\u003eChapter - 23: The way forward\u003c\/li\u003e\n\u003cli\u003eChapter - 24: System Basics – Getting to ‘go’\u003c\/li\u003e\n\u003cli\u003eChapter - 25: Setting up the Reputational Risk Management System\u003c\/li\u003e\n\u003cli\u003eChapter - 26: Operating the Reputational Risk Management System\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Kogan Page Ltd","offers":[{"title":"Default Title","offer_id":48865725972823,"sku":"9780749477363","price":33.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780749477363.jpg?v=1722275276"},{"product_id":"the-business-guide-to-effective-compliance-and-ethics-9780749482978","title":"The Business Guide to Effective Compliance and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eAndrew Hayward \u003c\/b\u003eis a lawyer with more than a dozen years' experience of compliance roles across sectors. Having previously worked for AstraZeneca and Balfour Beatty, he is now Head of Compliance and Ethics at Subsea 7, an engineering, construction and services contractor to the offshore energy industry. He worked with the British Standards Institute to develop the first anti-bribery standard (BS10500) and was part of the UK delegation on the development of the International Anti-Bribery Standard (BS ISO 37001:2016).\u003cb\u003eTony Osborn \u003c\/b\u003eis an award-winning writer, creative consultant and content developer. He has worked with leading global corporations to help them find and tell their stories and connect with stakeholders. He helped shape and write Serco's online and printed Code of Conduct, and, with \u003cb\u003eAndrew Hayward\u003c\/b\u003e, the award-winning Balfour Beatty Code of Conduct.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"The 'masters and apprentices' book of compliance - practical insights for the professional and lay person alike.\"\" * Christopher Wright, Head of Compliance, LafargeHolcim *\u003cbr\u003e\"The authors of this book succeeded in explaining precisely, pleasantly and in an easily understandable way what everybody should know and practice in compliance and ethics. Nobody may say anymore: 'I didn't know how to do it'.\" * François Vincke, Member of the Brussels Bar, Vice-Chair ICC Commission Corporate Responsibility and Anti-corruption *\u003cbr\u003e\"The engaging style of this book will take its audience beyond the word 'compliance' - seen as so negative by so many demonstrates how to win over hearts and minds. The stories are a useful and practical way to make learning more memorable and therefore effective. The authors are to be commended for their approach in delivering a must read for every CECO... A seminal textbook for those teaching business ethics at universities and business schools.\" * Philippa Foster Back CBE, Director, Institute of Business Ethics *\u003cbr\u003e\"Just as importantly, the work provides the right balance between ethics and values on the one hand and compliance programme elements on the other in discussing what works and what hasn't. Brilliantly written and easy to understand, it provides meaningful insight for both the experienced compliance professional and newcomers to the field.  It masterfully weaves real stories and anecdotes into the materials in an entertaining way, bringing the discussion to life. Destined to become a classic in the compliance literature, it is required reading for anyone on the compliance journey.\" * Keith M. Korenchuk, VP \u0026amp; Chief Compliance Officer, Diagnostic Platform, Danaher Corporation\/Beckman Coulter Inc. and former partner, Arnold \u0026amp; Porter LLP *\u003cbr\u003e\"The authors provide such depth of understanding necessary to help entities navigate ethics and compliance in an effective and integrated way. They have managed to do so in a light and upbeat tone with some fun references ranging from rock 'n' roll to Lewis Carroll and a healthy poke at legalese.\" * Cécilia Fellouse-Guenkel, General Manager, Compliance For Good *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cul\u003e\n\u003cli\u003eSection - ONE: \u003c\/li\u003e\n\u003cli\u003e\u003cul\u003e\n\u003cli\u003eChapter - 01: Why compliance isn’t working;\u003c\/li\u003e\n\u003cli\u003eChapter - 02: The meaning, origins and role of compliance and ethics;\u003c\/li\u003e\n\u003cli\u003eChapter - 03: Barriers to success;\u003c\/li\u003e\n\u003cli\u003eChapter - 04: Looking for answers;\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/li\u003e\n\u003cli\u003eSection - TWO: \u003c\/li\u003e\n\u003cli\u003e\u003cul\u003e\n\u003cli\u003eChapter - 05: The anatomy of a compliance and ethics programme;\u003c\/li\u003e\n\u003cli\u003eChapter - 06: Top-level commitment;\u003c\/li\u003e\n\u003cli\u003eChapter - 07: Risk assessment and due diligence;\u003c\/li\u003e\n\u003cli\u003eChapter - 08: Code of conduct and policies;\u003c\/li\u003e\n\u003cli\u003eChapter - 09: Communication, education and training;\u003c\/li\u003e\n\u003cli\u003eChapter - 10: Whistle-blowing hotline and speak-up culture;\u003c\/li\u003e\n\u003cli\u003eChapter - 11: Procedures and controls;\u003c\/li\u003e\n\u003cli\u003eChapter - 12: Investigations, remediation and enforcement;\u003c\/li\u003e\n\u003cli\u003eChapter - 13: Assurance and continuous improvement;\u003c\/li\u003e\n\u003cli\u003eChapter - 14: Implementation – The compliance and ethics function – and everyone else;\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Kogan Page Ltd","offers":[{"title":"Default Title","offer_id":48865727119703,"sku":"9780749482978","price":37.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780749482978.jpg?v=1722275278"},{"product_id":"layer-of-protection-analysis-9780816908110","title":"Layer of Protection Analysis","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eLayer of protection analysis (LOPA) is a simplified method of risk assessment that provides the much-needed middle ground between a qualitative process hazard analysis and a traditional, expensive quantitative risk analysis.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface.  \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003eAcronyms and Abbreviations.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1. Introduction.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Audience.\u003c\/p\u003e \u003cp\u003e1.2 History of LOPA.\u003c\/p\u003e \u003cp\u003e1.3 Use of LOPA in the Process Life Cycle.\u003c\/p\u003e \u003cp\u003e1.4 Linkage to Other CCPS Publications.\u003c\/p\u003e \u003cp\u003e1.5 Annotated Outline of the LOPA book.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. Overview of LOPA.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Purpose.\u003c\/p\u003e \u003cp\u003e2.2 What is LOPA?\u003c\/p\u003e \u003cp\u003e2.3 What LOPA Does.\u003c\/p\u003e \u003cp\u003e2.4 When to Use LOPA.\u003c\/p\u003e \u003cp\u003e2.5 How LOPA Works.\u003c\/p\u003e \u003cp\u003e2.6 How to Implement LOPA.\u003c\/p\u003e \u003cp\u003e2.7 Limitations of LOPA.\u003c\/p\u003e \u003cp\u003e2.8 Benefits of LOPA.\u003c\/p\u003e \u003cp\u003e2.9 Introduction of Continuing Examples.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. Estimating Consequences and Severity.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Purpose.\u003c\/p\u003e \u003cp\u003e3.2 Consequences of Interest.\u003c\/p\u003e \u003cp\u003e3.3 Consequences Evaluation Approaches for LOPA.\u003c\/p\u003e \u003cp\u003e3.4 Continuing Examples.\u003c\/p\u003e \u003cp\u003e3.5 Link Forward.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. Developing Scenarios.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Purpose.\u003c\/p\u003e \u003cp\u003e4.2 LOPA Scenarios and Components.\u003c\/p\u003e \u003cp\u003e4.3 Identifying and Developing Candidate Scenarios.\u003c\/p\u003e \u003cp\u003e4.4 Continuing Examples.\u003c\/p\u003e \u003cp\u003e4.5 Link Forward.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. Identifying Initiating Event Frequency.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Purpose.\u003c\/p\u003e \u003cp\u003e5.2 Initiating Events.\u003c\/p\u003e \u003cp\u003e5.3 Frequency Estimation.\u003c\/p\u003e \u003cp\u003e5.4 Expression of Failure Rates.\u003c\/p\u003e \u003cp\u003e5.5 Continuing Examples.\u003c\/p\u003e \u003cp\u003e5.6 Limitations (Cautions).\u003c\/p\u003e \u003cp\u003e5.7 Link Forward.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. Identifying Independent Protection Layers.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Purpose.\u003c\/p\u003e \u003cp\u003e6.2 Definition and Purpose of an IPL.\u003c\/p\u003e \u003cp\u003e6.3 IPL Rules.\u003c\/p\u003e \u003cp\u003e6.4 LOPA IPL Assessment.\u003c\/p\u003e \u003cp\u003e6.5 Example of IPLs.\u003c\/p\u003e \u003cp\u003e6.6 Preventive IPLs versus Mitigation IPLs.\u003c\/p\u003e \u003cp\u003e6.7 Continuing Examples.\u003c\/p\u003e \u003cp\u003e6.8 Link Forward.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7. Determining the Frequency of Scenarios.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Purpose.\u003c\/p\u003e \u003cp\u003e7.2 Quantitative Calculation of Risk and Frequency.\u003c\/p\u003e \u003cp\u003e7.3 Look-up Table Determination of Risk of Frequency.\u003c\/p\u003e \u003cp\u003e7.4 Calculation of Risk of Frequency with Integer Logarithms.\u003c\/p\u003e \u003cp\u003e7.5 Continuing Examples.\u003c\/p\u003e \u003cp\u003e7.6 Link Forward.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8. Using LOPA to Make Risk Decisions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Purpose.\u003c\/p\u003e \u003cp\u003e8.2 Introduction.\u003c\/p\u003e \u003cp\u003e8.3 Comparing Calculated Risk to Scenario Risk Tolerance Criteria.\u003c\/p\u003e \u003cp\u003e8.4 Expert Judgment.\u003c\/p\u003e \u003cp\u003e8.5 Using Cost-Benefit to Compare Alternatives.\u003c\/p\u003e \u003cp\u003e8.6 Comparison of Approaches, Pros and Cons.\u003c\/p\u003e \u003cp\u003e8.7 Cumulative Risk Criteria versus Scenario Criteria.\u003c\/p\u003e \u003cp\u003e8.8 Continuing Examples.\u003c\/p\u003e \u003cp\u003e8.9 Cautions.\u003c\/p\u003e \u003cp\u003e8.10 Link Forward.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9. Implementing LOPA.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Purpose.\u003c\/p\u003e \u003cp\u003e9.2 Is the Company ready for LOPA?\u003c\/p\u003e \u003cp\u003e9.3 What Is the Current Foundation for Risk Assessment?\u003c\/p\u003e \u003cp\u003e9.4 What Dare Are Required?\u003c\/p\u003e \u003cp\u003e9.5 Will the IPLs Remain in Place?\u003c\/p\u003e \u003cp\u003e9.6 How Are the Risk Tolerance Criteria Established?\u003c\/p\u003e \u003cp\u003e9.7 When IS LOPA Used?\u003c\/p\u003e \u003cp\u003e9.8 Typical Implementation Tasks.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10. Using LOPA for Other Applications.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Purpose.\u003c\/p\u003e \u003cp\u003e10.2 Using LOPA in Capital Improvement Planning.\u003c\/p\u003e \u003cp\u003e10.3 Using LOPA in Management of Change.\u003c\/p\u003e \u003cp\u003e10.4 Using LOPA in Mechanical Integrity Programs or Risk-Based Inspection\/Risk-Based Maintenance Programs.\u003c\/p\u003e \u003cp\u003e10.5 Using LOPA in Risk-Based Operator Training.\u003c\/p\u003e \u003cp\u003e10.6 Using LOPA in emergency Response Planning.\u003c\/p\u003e \u003cp\u003e10.7 Using LOPA to Determine a Credible Design Basis for Overpressure Protection.\u003c\/p\u003e \u003cp\u003e10.8 Using LOPA in Evaluating Facility Siting Risks.\u003c\/p\u003e \u003cp\u003e10.9 Using LOPA to Evaluate the Need for Emergency Isolation Valves.\u003c\/p\u003e \u003cp\u003e10.10 Using LOPA to Evaluate Taking a Safety System Out of Service.\u003c\/p\u003e \u003cp\u003e10.11 Using LOPA during Incident Investigations.\u003c\/p\u003e \u003cp\u003e10.12 Using LOPA in the Determination of SIL for SIF.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11. Advanced LOPA Topics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Purpose.\u003c\/p\u003e \u003cp\u003e11.2 Counting Multiple Functions in One BPCS as IPLs in the Same Scenario.\u003c\/p\u003e \u003cp\u003e11.3 Summation of Risk for Multiple Scenarios.\u003c\/p\u003e \u003cp\u003e11.4 Using LOPA to Develop F\/N Curves.\u003c\/p\u003e \u003cp\u003e11.5 Operator Response Issues.\u003c\/p\u003e \u003cp\u003e11.6 Normal Plant Operations as “Tests: of IPL Components.\u003c\/p\u003e \u003cp\u003e11.7 Focused Fault Tree\/Event Tree Analysis of IPL Components.\u003c\/p\u003e \u003cp\u003eAppendix A. LOPA Summary Sheets for the Continuing Examples.\u003c\/p\u003e \u003cp\u003eAppendix B. Worked Examples from CCPS’s Safe Automation Book.\u003c\/p\u003e \u003cp\u003eAppendix C. Documentation for a LOPA Study.\u003c\/p\u003e \u003cp\u003eAppendix D. Linkage with Other Publications.\u003c\/p\u003e \u003cp\u003eAppendix E. Industry Risk Tolerance Criteria Data.\u003c\/p\u003e \u003cp\u003eAppendix F. High Initiating Event Frequency Scenarios.\u003c\/p\u003e \u003cp\u003eAppendix G. Additional Reading.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003eGlossary of Terms.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866006958423,"sku":"9780816908110","price":170.06,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780816908110.jpg?v=1722276591"},{"product_id":"the-flaw-of-averages-9781118073759","title":"The Flaw of Averages","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA must-read for anyone who makes business decisions that have a major financial impact     Tomorrow's stock price, next month's sales, next year's costs   these are all numbers we don't know yet. Yet everyday, we base our personal and business plans on these kinds of uncertainties.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForeword xv\u003c\/p\u003e \u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxi\u003c\/p\u003e \u003cp\u003eIntroduction Connecting the Seat of the Intellect to the Seat of the Pants 1\u003cbr\u003e\u003ci\u003eYou cannot learn to ride a bicycle from a book,and I claim the same is true for coping with uncertainty. Paradoxically, this book attempts to dowhat it claims is impossible.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eFoundations\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1 The Big Picture 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 The Flaw of Averages 11\u003cbr\u003e\u003ci\u003eIn planning for the future, uncertain outcomes are often replaced with single, so-called average numbers. \u003c\/i\u003e\u003ci\u003eThis leads to a class of systematic errors that I call the Flaw of Averages, which explains among other \u003c\/i\u003e\u003ci\u003ethings why forecasts are always wrong.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 2 The Fall of the Algebraic Curtain and Rise of the Flaw of Averages 22\u003cbr\u003e\u003ci\u003eThe electronic spreadsheet brought the power of business modeling to tens of millions. In so doing, it also \u003c\/i\u003e\u003ci\u003epaved the way for an epidemic of the Flaw of Averages.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 3 Mitigating the Flaw of Averages 26\u003cbr\u003e\u003ci\u003eNew technologies are illuminating uncertainty much as the lightbulb illuminates darkness. \u003c\/i\u003e\u003ci\u003eProbability Management is a scientific approach to harnessing these developments to cure the Flaw of Averages.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 The Wright Brothers Versus the Wrong Brothers 34\u003cbr\u003e\u003ci\u003eThe success of the Wright Brothers’ airplane was the result of carefully constructed models that they \u003c\/i\u003e\u003ci\u003etested in their wind tunnel. Analogous models ca help us manage uncertainty and risk, but as we \u003c\/i\u003e\u003ci\u003esaw in the financial crash of 2008, models can also be used to obfuscate.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 5 The Most Important Instrument in the Cockpit 40\u003cbr\u003e\u003ci\u003eThe proper use of models, like the instruments in \u003c\/i\u003e\u003ci\u003ean airplane, is not obvious.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2 Five Basic Mindles for Uncertainty 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 6 Mindles are to Minds What Handles are to Hands 49\u003cbr\u003e\u003ci\u003eJust as industrial designers develop handles to help us grasp the power of physics with our \u003c\/i\u003e\u003ci\u003ehands, informational designers develop Mindles (first syllable rhymes with “mind”) to help us grasp \u003c\/i\u003e\u003ci\u003ethe power of information with our minds. Section 2will provide some important Mindles for grasping \u003c\/i\u003e\u003ci\u003euncertainty.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 7 Mindle 1: Uncertainty Versus Risk 52\u003cbr\u003e\u003ci\u003eThese two concepts are often used interchangeably but they shouldn’t be. Uncertainty is an objective \u003c\/i\u003e\u003ci\u003efeature of the universe, whereas risk is in the eye of the beholder.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 8 Mindle 2: An Uncertain Number Is a Shape 55\u003cbr\u003e\u003ci\u003eEven graduates of statistics courses have a hard time visualizing uncertainty. A shape in the form of a \u003c\/i\u003e\u003ci\u003esimple bar graph, called the histogram, does the trick. Try running a simulation in your head or better yet, on your web browser at FlawOfAverages.com.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 9 Mindle 3: Combinations of Uncertain Numbers 67\u003cbr\u003e\u003ci\u003eWhen uncertain numbers are added or averaged, the chance of extreme events goes down. I cover a case study in the film industry.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 10 I Come to Bury Sigma, Not to Praise it 78\u003cbr\u003e\u003ci\u003eJust as the height and weight of a criminal suspect have been superseded by surveillance videos and \u003c\/i\u003e\u003ci\u003eDNA samples, sigma is pushing obsolescence.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 11 Mindle 4: Terri Dial and the Drunk in the Road 83\u003cbr\u003e\u003ci\u003eA banking executive discovers the Strong Form of the Flaw of Averages: Average inputs don’t always \u003c\/i\u003e\u003ci\u003eresult in average outputs. Designing an incentive plan around your average employee is systematically \u003c\/i\u003e\u003ci\u003eerroneous.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Who Was Jensen and Why Wasn’t He Equal? 91\u003cbr\u003e\u003c\/b\u003eThe Nuts and Bolts of the Strong Form of the Flaw of Averages\u003cb\u003e\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eThis chapter shows how to identify the Flaw of Averages before it occurs by understanding your options and restrictions.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 13 Mindle 5: Interrelated Uncertainties 98\u003cbr\u003e\u003ci\u003eInterrelated uncertainties are at the heart of modern portfolio theory. They are best understood in terms \u003c\/i\u003e\u003ci\u003eof scatter plots.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3 Decisions and Information 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 14 Decision Trees 111\u003cbr\u003e\u003ci\u003eDecision trees are a powerful Mindle for thinking through decisions in the face of uncertainty.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 The Value of Information \u003c\/b\u003e\u003cb\u003eBecause There Isn’t Anything Else 118\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eThe flip side of decision trees. Information is the complement of uncertainty. What is it worth to find things out?\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4 The Seven Deadly Sins of Averaging 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 16 The Seven Deadly Sins of Averaging 129\u003cbr\u003e\u003ci\u003eSo here are the Seven Deadly Sins, all eleven of them. And the twelfth deadly sin is believing we won’t discover even more tomorrow.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 17 The Flaw of Extremes 133\u003cbr\u003e\u003ci\u003eViewing uncertainties solely in terms of nonaverage outcomes also leads to devastatingly wrong answers and policy decisions.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 18 Simpson’s Paradox 139\u003cbr\u003e\u003ci\u003eImagine a weight loss treatment that makes people lose weight on average, unless they are either male \u003c\/i\u003e\u003ci\u003eor female, in which case it makes them gain \u003c\/i\u003e\u003ci\u003eweight on average.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 19 The Scholtes Revenue Fallacy 142\u003cbr\u003e\u003ci\u003eSuppose you have various product lines with different unit sales. The average unit sales times \u003c\/i\u003e\u003ci\u003ethe average profit per unit might be positive while your average profit might be negative.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 20 Taking Credit for Chance Occurrences 147\u003cbr\u003e\u003ci\u003eIf you execute a marketing campaign and make a bunch of sales, how do you know the increase wasn’t just by chance?\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eApplications\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 5 The Flaw of Averages in Finance 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 21 Your Retirement Portfolio 157\u003cbr\u003e\u003ci\u003eIf your retirement fund will last you 20 years given average returns, then you are as likely as not to suffer financial ruin before you get there.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 22 The Birth of Portfolio Theory: The Age of Covariance 163\u003cbr\u003e\u003ci\u003eHarry Markowitz started a revolution in finance in the early 1950s by explicitly recognizing \u003c\/i\u003e\u003ci\u003erisk\/return trade-offs.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 23 When Harry Met Bill(y) 169\u003cbr\u003e\u003ci\u003eBill Sharpe extended the work of Markowitz and brought it into widespread practice.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 24 Mindles for the Financial Planning Client 175\u003cbr\u003e\u003ci\u003eHow the pros explain this stuff to their clients.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 25 Options: Profiting from Uncertainty 181\u003cbr\u003e\u003ci\u003eOptions allow us to exploit uncertainty through an understanding of the Strong Form of the Flaw \u003c\/i\u003e\u003ci\u003eof Averages.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 26 When Fischer and Myron Met Bob: Option Theory 192\u003cbr\u003e\u003ci\u003eThe theory of three economists led to the trillion-dollar derivatives industry.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 27 Prices, Probabilities, and Predictions 200\u003cbr\u003e\u003ci\u003eThe new phenomenon of prediction markets is changing the way we perceive and report uncertain events, such as political races.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 6 Real Finance 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 28 Holistic Versus Hole-istic 215\u003cbr\u003e\u003ci\u003eWhen people invest in portfolios of oil exploration sites, they often use the hole-istic approach. That is, they rank the places to drill hole by hole, then start at the top and go down the list until they \u003c\/i\u003e\u003ci\u003erun out of money. This ignores the holistic effects of portfolios.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 29 Real Portfolios at Shell 222\u003cbr\u003e\u003ci\u003eFor several years, Shell has been using Probability Management to manage its portfolios of petroleum \u003c\/i\u003e\u003ci\u003eexploration sites in a more holistic manner.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 30 Real Options 228\u003cbr\u003e\u003ci\u003eAn example of a real option is a gas well in which you have the choice of whether or not to pump depending on the price of gas.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 31 Some Gratuitous Inflammatory Remarks on the Accounting Industry 236\u003cbr\u003e\u003ci\u003eYou can’t rely on accountants to detect risks because generally accepted accounting principles are built on the Flaw of Averages.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 7 The Flaw of Averages in Supply Chains 245\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 32 The DNA of Supply Chains 247\u003cbr\u003e\u003ci\u003eThe inventory problem introduced in Chapter 1 is at the heart of all supply chains.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 33 A Supply Chain of DNA 254\u003cbr\u003e\u003ci\u003eWhen stocking out is not an option.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 34 Cawlfield’s Principle 257\u003cbr\u003e\u003ci\u003eA manager at Olin creates a simulation to get two divisions of his organization to work as a team and discovers a general principle in the process.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 8 The Flaw of Averages and Some Hot Button Issues 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 35 The Statistical Research Group of World War II 265\u003cbr\u003e\u003ci\u003eThe exciting environment in which my father became a statistician.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 36 Probability and the War on Terror 272\u003cbr\u003e\u003ci\u003eTwo inescapable statistical trademarks of the war on terror are the problem of false positives and implications of Markov chains.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 37 The Flaw of Averages and Climate Change 289\u003cbr\u003e\u003ci\u003eThe earth’s average temperature may actually be going down, not up, but you won’t be happy when you find out why. The Flaw of Averages permeates this issue.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 38 The Flaw of Averages in Health Care 299\u003cbr\u003e\u003ci\u003eTreating the average patient is not healthy.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 39 Sex and the Central Limit Theorem 307\u003cbr\u003e\u003ci\u003eWomen have a diversified portfolio of two X chromosomes, whereas men have only one. Apparently it makes a difference.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eProbability Management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 9 Toward a Cure for the Flaw of Averages 317\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 40 The End of Statistics as You Were Taught It 319\u003cbr\u003e\u003ci\u003eThe ninetheenth-century statisticians confirmed their theories by simulating uncertainty with dice, cards, and numbered balls. Today, computerized dice, cards, and balls are bypassing the very theories they were trying to confirm.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 41 Visualization 324\u003cbr\u003e\u003ci\u003eVisual statistics provides a window into distributions. You need to see it to appreciate it.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 42 Interactive Simulation: A New Lightbulb 328\u003cbr\u003e\u003ci\u003eImagine simulating 100,000 rolls of a die before your finger leaves the Enter key. A new technology \u003c\/i\u003e\u003ci\u003edoes for probability distributions what the spreadsheet did for numbers.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 43 Scenario Libraries: The Power Grid 332\u003cbr\u003e\u003ci\u003eNew data structures allow the results of simulations to be added together like numbers, providing a more practical approach to enterprisewide risk models.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 44 The Fundamental Identity of SLURP Algebra 341\u003cbr\u003e\u003ci\u003eThis looks like math. Feel free to skip it.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 45 Putting It into Practice 343\u003cbr\u003e\u003ci\u003eThe technology surrounding Probability Management is improving fast, and recent breakthroughs promises to make it more accessible than ever.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 46 The CPO: Managing Probability Management 354\u003cbr\u003e\u003ci\u003eThe CPO must strike the correct balance between transparency of presentation, data collection, and \u003c\/i\u003e\u003ci\u003estatistical rigor.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 47 A Posthumous Visit by My Father 364\u003cbr\u003e\u003ci\u003eSome comments from the hereafter.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eRed Word Glossary 367\u003c\/p\u003e \u003cp\u003eNotes 371\u003c\/p\u003e \u003cp\u003eAbout the Author 382\u003c\/p\u003e \u003cp\u003eIndex 383\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866364784983,"sku":"9781118073759","price":17.1,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118073759.jpg?v=1722278297"},{"product_id":"operational-risk-management-9781119549048","title":"Operational Risk Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eOpRisk Awards 2020 Book of the Year Winner!The Authoritative Guide to the Best Practices in Operational Risk Management Operational Risk Management offers a comprehensive guide that contains a review of the most up-to-date and effective operational risk management practices in the financial services industry. The book provides an essential overview of the current methods and best practices applied in financial companies and also contains advanced tools and techniques developed by the most mature firms in the field.    The author explores the range of operational risks such as information security, fraud or reputation damage and details how to put in place an effective program based on the four main risk management activities: risk identification, risk assessment, risk mitigation and risk monitoring. The book also examines some specific types of operational risks that rank high on many firms' risk registers.    Drawing on the author's extensive experience working with and advising financial companies, Operational Risk Management is written both for those new to the discipline and for experienced operational risk managers who want to strengthen and consolidate their knowledge.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAbout the Author xi\u003c\/p\u003e \u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eIntroduction xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE Risk Identification 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1 Risk Identification Tools 3\u003c\/p\u003e \u003cp\u003eCHAPTER 2 Scenario Identification Process 13\u003c\/p\u003e \u003cp\u003eCHAPTER 3 Risk Definition and Taxonomy 19\u003c\/p\u003e \u003cp\u003eCHAPTER 4 Risk Connectivity and Risk Networks 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO Risk Assessment 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Risk Appetite 37\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Risk and Control Self-Assessments 51\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Scenario Assessment 63\u003c\/p\u003e \u003cp\u003eCHAPTER 8 Regulatory Capital and Modeling 77\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE Risk Mitigation 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 9 Operational Risk Governance 95\u003c\/p\u003e \u003cp\u003eCHAPTER 10 Risk Mitigation 105\u003c\/p\u003e \u003cp\u003eCHAPTER 11 Root Cause Analysis and Action Plans 115\u003c\/p\u003e \u003cp\u003eCHAPTER 12 Conduct and Culture 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR Risk Monitoring 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 13 Incident Data Collection 129\u003c\/p\u003e \u003cp\u003eCHAPTER 14 Key Risk Indicators 141\u003c\/p\u003e \u003cp\u003eCHAPTER 15 Risk Reporting 157\u003c\/p\u003e \u003cp\u003eCHAPTER 16 Valuable ORM 171\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FIVE Rising Operational Risks 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 17 Project Risk Management 181\u003c\/p\u003e \u003cp\u003eCHAPTER 18 Information Security Risks 193\u003c\/p\u003e \u003cp\u003eCHAPTER 19 Operational Risks in Cryptocurrencies 207\u003c\/p\u003e \u003cp\u003eCHAPTER 20 Resilience and Reputation 221\u003c\/p\u003e \u003cp\u003eConclusion 231\u003c\/p\u003e \u003cp\u003eIndex 235\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866402140503,"sku":"9781119549048","price":39.9,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119549048.jpg?v=1722278473"},{"product_id":"simple-tools-and-techniques-for-enterprise-risk-management-9781119989974","title":"Simple Tools and Techniques for Enterprise Risk","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eYour business reputation can take years to build   and mere minutes to destroy   The range of business threats is evolving rapidly but your organization can thrive and gain a competitive advantage with your business vision for enterprise risk management.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eList of Figures xxvii\u003c\/p\u003e \u003cp\u003ePreface to the Second Edition xxxi\u003c\/p\u003e \u003cp\u003eAcknowledgements xxxv\u003c\/p\u003e \u003cp\u003eAbout the Author xxxvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Enterprise Risk Management In Context 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Introduction 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Risk Diversity 4\u003c\/p\u003e \u003cp\u003e1.2 Approach to Risk Management 5\u003c\/p\u003e \u003cp\u003e1.3 Business Growth Through Risk Taking 5\u003c\/p\u003e \u003cp\u003e1.4 Risk and Opportunity 6\u003c\/p\u003e \u003cp\u003e1.5 The Role of the Board 7\u003c\/p\u003e \u003cp\u003e1.6 Primary Business Objective (or Goal) 8\u003c\/p\u003e \u003cp\u003e1.7 What is Enterprise Risk Management? 9\u003c\/p\u003e \u003cp\u003e1.8 Benefits of Enterprise Risk Management 10\u003c\/p\u003e \u003cp\u003e1.9 Structure 12\u003c\/p\u003e \u003cp\u003e1.9.1 Corporate Governance 12\u003c\/p\u003e \u003cp\u003e1.9.2 Internal Control 13\u003c\/p\u003e \u003cp\u003e1.9.3 Implementation 14\u003c\/p\u003e \u003cp\u003e1.9.4 Risk Management Framework 14\u003c\/p\u003e \u003cp\u003e1.9.5 Risk Management Policy 15\u003c\/p\u003e \u003cp\u003e1.9.6 Risk Management Process 15\u003c\/p\u003e \u003cp\u003e1.9.7 Sources of Risk 16\u003c\/p\u003e \u003cp\u003e1.10 Summary 16\u003c\/p\u003e \u003cp\u003e1.11 References 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Developments in Corporate Governance in the UK 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Investor Unrest 19\u003c\/p\u003e \u003cp\u003e2.2 The Problem of Agency 20\u003c\/p\u003e \u003cp\u003e2.3 The Cadbury Committee 21\u003c\/p\u003e \u003cp\u003e2.4 The Greenbury Report 23\u003c\/p\u003e \u003cp\u003e2.5 The Hampel Committee and the Combined Code of 1998 23\u003c\/p\u003e \u003cp\u003e2.6 Smith Guidance on Audit Committees 23\u003c\/p\u003e \u003cp\u003e2.7 Higgs 24\u003c\/p\u003e \u003cp\u003e2.8 Tyson 24\u003c\/p\u003e \u003cp\u003e2.9 Combined Code on Corporate Governance 2003 25\u003c\/p\u003e \u003cp\u003e2.10 Companies Act 2006 26\u003c\/p\u003e \u003cp\u003e2.11 Combined Code on Corporate Governance 2008 26\u003c\/p\u003e \u003cp\u003e2.12 Sir David Walker’s Review of Corporate Governance, July 2009 (Consultation Paper) 27\u003c\/p\u003e \u003cp\u003e2.13 Sir David Walker’s Review of Corporate Governance, November 2009 (Final Recommendation) 29\u003c\/p\u003e \u003cp\u003e2.14 House of Commons Treasury Committee 2009 30\u003c\/p\u003e \u003cp\u003e2.15 UK Corporate Governance Code, June 2010 32\u003c\/p\u003e \u003cp\u003e2.16 The “Comply or Explain” Regime 34\u003c\/p\u003e \u003cp\u003e2.17 Definition of Corporate Governance 34\u003c\/p\u003e \u003cp\u003e2.18 Formation of Companies 35\u003c\/p\u003e \u003cp\u003e2.19 The Financial Services Authority and Markets Act 2000 36\u003c\/p\u003e \u003cp\u003e2.20 The London Stock Exchange 36\u003c\/p\u003e \u003cp\u003e2.21 Summary 37\u003c\/p\u003e \u003cp\u003e2.22 References 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Developments in Corporate Governance in the US 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Corporate Governance 41\u003c\/p\u003e \u003cp\u003e3.2 The Securities and Exchange Commission 42\u003c\/p\u003e \u003cp\u003e3.2.1 Creation of the SEC 42\u003c\/p\u003e \u003cp\u003e3.2.2 Organisation of the SEC 43\u003c\/p\u003e \u003cp\u003e3.3 The Laws That Govern the Securities Industry 44\u003c\/p\u003e \u003cp\u003e3.3.1 Securities Act 1933 44\u003c\/p\u003e \u003cp\u003e3.3.2 Securities Exchange Act 1934 44\u003c\/p\u003e \u003cp\u003e3.3.3 Trust Indenture Act 1939 45\u003c\/p\u003e \u003cp\u003e3.3.4 Investment Company Act 1940 45\u003c\/p\u003e \u003cp\u003e3.3.5 Investment Advisers Act 1940 45\u003c\/p\u003e \u003cp\u003e3.4 Catalysts for the Sarbanes-Oxley Act 2002 45\u003c\/p\u003e \u003cp\u003e3.4.1 Enron 46\u003c\/p\u003e \u003cp\u003e3.4.2 WorldCom 47\u003c\/p\u003e \u003cp\u003e3.4.3 Tyco International 47\u003c\/p\u003e \u003cp\u003e3.4.4 Provisions of the Act 50\u003c\/p\u003e \u003cp\u003e3.4.5 Implementation 52\u003c\/p\u003e \u003cp\u003e3.4.6 Sarbanes-Oxley Section 404 52\u003c\/p\u003e \u003cp\u003e3.4.7 The Positive Effects of Post-Enron Reforms 52\u003c\/p\u003e \u003cp\u003e3.4.8 Criticism of Section 404 Before the Global Financial Crisis 54\u003c\/p\u003e \u003cp\u003e3.4.9 Criticism of Section 404 After the Global Financial Crisis 54\u003c\/p\u003e \u003cp\u003e3.5 National Association of Corporate Directors 2008 55\u003c\/p\u003e \u003cp\u003e3.6 Summary 56\u003c\/p\u003e \u003cp\u003e3.7 References 57\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The Global Financial Crisis of 2007–2009: A US Perspective 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 The Financial Crisis in Summary 59\u003c\/p\u003e \u003cp\u003e4.2 How the Financial Crisis Unfolded 60\u003c\/p\u003e \u003cp\u003e4.3 The United States Mortgage Finance Industry 61\u003c\/p\u003e \u003cp\u003e4.4 Subprime Model of Mortgage Lending 61\u003c\/p\u003e \u003cp\u003e4.4.1 Contributing Events to the Credit Crisis 61\u003c\/p\u003e \u003cp\u003e4.4.2 Foreclosures 63\u003c\/p\u003e \u003cp\u003e4.4.3 Negative Equity 65\u003c\/p\u003e \u003cp\u003e4.4.4 Housing Surplus 67\u003c\/p\u003e \u003cp\u003e4.4.5 Vicious Circles 68\u003c\/p\u003e \u003cp\u003e4.5 Why this Crisis Warrants Close Scrutiny 68\u003c\/p\u003e \u003cp\u003e4.6 Behaviours 70\u003c\/p\u003e \u003cp\u003e4.6.1 Investor Behaviour in the Search for Yield 70\u003c\/p\u003e \u003cp\u003e4.6.2 Mortgage Lending Behaviour 71\u003c\/p\u003e \u003cp\u003e4.6.3 Bank Behaviour and Risk Transfer through Securitised Credit 71\u003c\/p\u003e \u003cp\u003e4.6.4 “Group Think” and Herd Behaviour 72\u003c\/p\u003e \u003cp\u003e4.6.5 Banks’ Behaviour and Risk Appetite 74\u003c\/p\u003e \u003cp\u003e4.6.6 Behaviour of Regulators and the Division of “Narrow Banking” from Investment Banking 75\u003c\/p\u003e \u003cp\u003e4.6.7 Banks’ Behaviour and Misplaced Reliance of Sophisticated Mathematics and Statistics 75\u003c\/p\u003e \u003cp\u003e4.7 Worldwide Deficiencies in Risk Management 76\u003c\/p\u003e \u003cp\u003e4.8 Federal Reform 76\u003c\/p\u003e \u003cp\u003e4.9 Systemic Risk 79\u003c\/p\u003e \u003cp\u003e4.10 The Future of Risk Management 81\u003c\/p\u003e \u003cp\u003e4.11 Summary 82\u003c\/p\u003e \u003cp\u003e4.12 References 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Developments in Corporate Governance in Australia and Canada 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Australian Corporate Governance 85\u003c\/p\u003e \u003cp\u003e5.1.1 Regulation Arising from Corporate Failures 85\u003c\/p\u003e \u003cp\u003e5.1.2 Corporate Governance Reforms Following the Accounting Scandals of the Early 2000s 86\u003c\/p\u003e \u003cp\u003e5.1.3 Horwath 2002 Corporate Governance Report 88\u003c\/p\u003e \u003cp\u003e5.1.4 The ASX Corporate Governance Council 89\u003c\/p\u003e \u003cp\u003e5.1.5 Financial Statements 90\u003c\/p\u003e \u003cp\u003e5.2 Canada 90\u003c\/p\u003e \u003cp\u003e5.2.1 Dey Report 90\u003c\/p\u003e \u003cp\u003e5.2.2 Dey Revisited 91\u003c\/p\u003e \u003cp\u003e5.2.3 Kirby Report 91\u003c\/p\u003e \u003cp\u003e5.2.4 Saucier Committee 92\u003c\/p\u003e \u003cp\u003e5.2.5 National Policy and Instrument (April 2005) 92\u003c\/p\u003e \u003cp\u003e5.2.6 TSE Corporate Governance: Guide to Good Disclosure 2006 93\u003c\/p\u003e \u003cp\u003e5.3 Summary 94\u003c\/p\u003e \u003cp\u003e5.4 References 94\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Internal Control and Risk Management 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 The Composition of Internal Control 97\u003c\/p\u003e \u003cp\u003e6.2 Risk as a Subset of Internal Control 98\u003c\/p\u003e \u003cp\u003e6.2.1 The Application of Risk Management 98\u003c\/p\u003e \u003cp\u003e6.3 Allocation of Responsibility 102\u003c\/p\u003e \u003cp\u003e6.3.1 Cadbury Committee 102\u003c\/p\u003e \u003cp\u003e6.3.2 Hampel Committee 102\u003c\/p\u003e \u003cp\u003e6.3.3 Turnbull 103\u003c\/p\u003e \u003cp\u003e6.3.4 Higgs Review 104\u003c\/p\u003e \u003cp\u003e6.3.5 Smith Review 104\u003c\/p\u003e \u003cp\u003e6.3.6 OECD 105\u003c\/p\u003e \u003cp\u003e6.4 The Context of Internal Control and Risk Management 106\u003c\/p\u003e \u003cp\u003e6.5 Internal Control and Risk Management 107\u003c\/p\u003e \u003cp\u003e6.6 Embedding Internal Control and Risk Management 107\u003c\/p\u003e \u003cp\u003e6.7 Summary 107\u003c\/p\u003e \u003cp\u003e6.8 References 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Developments in Risk Management in the UK Public Sector 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Responsibility for Risk Management in Government 109\u003c\/p\u003e \u003cp\u003e7.1.1 Cabinet Office 110\u003c\/p\u003e \u003cp\u003e7.1.2 Treasury 111\u003c\/p\u003e \u003cp\u003e7.1.3 Office of Government Commerce 111\u003c\/p\u003e \u003cp\u003e7.1.4 National Audit Office 112\u003c\/p\u003e \u003cp\u003e7.2 Risk Management Publications 112\u003c\/p\u003e \u003cp\u003e7.3 Successful IT 113\u003c\/p\u003e \u003cp\u003e7.4 Supporting Innovation 115\u003c\/p\u003e \u003cp\u003e7.4.1 Part 1: Why Risk Management is Important 115\u003c\/p\u003e \u003cp\u003e7.4.2 Part 2: Comprehension of Risk Management 115\u003c\/p\u003e \u003cp\u003e7.4.3 Part 3: What More Needs to be Done to Improve Risk Management 115\u003c\/p\u003e \u003cp\u003e7.5 The Orange Book 116\u003c\/p\u003e \u003cp\u003e7.5.1 Identify the Risks and Define a Framework 116\u003c\/p\u003e \u003cp\u003e7.5.2 Assign Ownership 116\u003c\/p\u003e \u003cp\u003e7.5.3 Evaluate 117\u003c\/p\u003e \u003cp\u003e7.5.4 Assess Risk Appetite 117\u003c\/p\u003e \u003cp\u003e7.5.5 Response to Risk 117\u003c\/p\u003e \u003cp\u003e7.5.6 Gain Assurance 118\u003c\/p\u003e \u003cp\u003e7.5.7 Embed and Review 118\u003c\/p\u003e \u003cp\u003e7.6 Audit Commission 118\u003c\/p\u003e \u003cp\u003e7.7 CIPFA\/SOLACE Corporate Governance 120\u003c\/p\u003e \u003cp\u003e7.8 M_o_R 2002 121\u003c\/p\u003e \u003cp\u003e7.9 DEFRA 123\u003c\/p\u003e \u003cp\u003e7.9.1 Risk Management Strategy 123\u003c\/p\u003e \u003cp\u003e7.10 Strategy Unit Report 124\u003c\/p\u003e \u003cp\u003e7.11 Risk and Value Management 125\u003c\/p\u003e \u003cp\u003e7.12 The Green Book 126\u003c\/p\u003e \u003cp\u003e7.12.1 Optimism Bias 126\u003c\/p\u003e \u003cp\u003e7.12.2 Annex 4 127\u003c\/p\u003e \u003cp\u003e7.13 CIPFA Guidance on Internal Control 127\u003c\/p\u003e \u003cp\u003e7.14 Managing Risks to Improve Public Services 129\u003c\/p\u003e \u003cp\u003e7.15 The Orange Book (Revised) 131\u003c\/p\u003e \u003cp\u003e7.16 M_o_R 2007 132\u003c\/p\u003e \u003cp\u003e7.17 Managing Risks in Government 132\u003c\/p\u003e \u003cp\u003e7.18 Summary 134\u003c\/p\u003e \u003cp\u003e7.19 References 136\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II The Risk Management Process 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReferences 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Establishing the Context: Stage 1 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Process 141\u003c\/p\u003e \u003cp\u003e8.2 Process Goal and Subgoals 142\u003c\/p\u003e \u003cp\u003e8.3 Process Definition 143\u003c\/p\u003e \u003cp\u003e8.4 Process Inputs 143\u003c\/p\u003e \u003cp\u003e8.5 Process Outputs 145\u003c\/p\u003e \u003cp\u003e8.6 Process Controls (Constraints) 145\u003c\/p\u003e \u003cp\u003e8.7 Process Mechanisms (Enablers) 146\u003c\/p\u003e \u003cp\u003e8.7.1 Ratios 146\u003c\/p\u003e \u003cp\u003e8.7.2 Risk Management Process Diagnostic 147\u003c\/p\u003e \u003cp\u003e8.7.3 SWOT Analysis 148\u003c\/p\u003e \u003cp\u003e8.7.4 PEST Analysis 148\u003c\/p\u003e \u003cp\u003e8.8 Process Activities 149\u003c\/p\u003e \u003cp\u003e8.8.1 Business Objectives 149\u003c\/p\u003e \u003cp\u003e8.8.2 Business Plan 150\u003c\/p\u003e \u003cp\u003e8.8.3 Examining the Industry 151\u003c\/p\u003e \u003cp\u003e8.8.4 Establishing the Processes 151\u003c\/p\u003e \u003cp\u003e8.8.5 Projected Financial Statements 153\u003c\/p\u003e \u003cp\u003e8.8.6 Resources 155\u003c\/p\u003e \u003cp\u003e8.8.7 Change Management 155\u003c\/p\u003e \u003cp\u003e8.8.8 Marketing Plan 155\u003c\/p\u003e \u003cp\u003e8.8.9 Compliance Systems 156\u003c\/p\u003e \u003cp\u003e8.9 Summary 156\u003c\/p\u003e \u003cp\u003e8.10 References 156\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Risk Identification: Stage 2 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Process 159\u003c\/p\u003e \u003cp\u003e9.2 Process Goal and Subgoals 159\u003c\/p\u003e \u003cp\u003e9.3 Process Definition 160\u003c\/p\u003e \u003cp\u003e9.4 Process Inputs 161\u003c\/p\u003e \u003cp\u003e9.5 Process Outputs 162\u003c\/p\u003e \u003cp\u003e9.6 Process Controls (Constraints) 162\u003c\/p\u003e \u003cp\u003e9.7 Process Mechanisms (Enablers) 163\u003c\/p\u003e \u003cp\u003e9.7.1 Risk Checklist 163\u003c\/p\u003e \u003cp\u003e9.7.2 Risk Prompt List 163\u003c\/p\u003e \u003cp\u003e9.7.3 Gap Analysis 163\u003c\/p\u003e \u003cp\u003e9.7.4 Risk Taxonomy 164\u003c\/p\u003e \u003cp\u003e9.7.5 PEST Prompt 165\u003c\/p\u003e \u003cp\u003e9.7.6 SWOT Prompt 168\u003c\/p\u003e \u003cp\u003e9.7.7 Database 168\u003c\/p\u003e \u003cp\u003e9.7.8 Business Risk Breakdown Structure 169\u003c\/p\u003e \u003cp\u003e9.7.9 Risk Questionnaire 169\u003c\/p\u003e \u003cp\u003e9.7.10 Risk Register Content\/Structure 170\u003c\/p\u003e \u003cp\u003e9.8 Process Activities 171\u003c\/p\u003e \u003cp\u003e9.8.1 Clarifying the Business Objectives 171\u003c\/p\u003e \u003cp\u003e9.8.2 Reviewing the Business Analysis 171\u003c\/p\u003e \u003cp\u003e9.8.3 Need for Risk and Opportunity Identification 171\u003c\/p\u003e \u003cp\u003e9.8.4 Risk and Opportunity Identification 172\u003c\/p\u003e \u003cp\u003e9.8.5 Facilitation 172\u003c\/p\u003e \u003cp\u003e9.8.6 Gaining a Consensus on the Risks, the Opportunities and\u003c\/p\u003e \u003cp\u003etheir Interdependencies 182\u003c\/p\u003e \u003cp\u003e9.8.7 Risk Register 182\u003c\/p\u003e \u003cp\u003e9.9 Summary 182\u003c\/p\u003e \u003cp\u003e9.10 References 182\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Risk Analysis: Stage 3 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Process 185\u003c\/p\u003e \u003cp\u003e10.2 Process Goal and Subgoals 186\u003c\/p\u003e \u003cp\u003e10.3 Process Definition 186\u003c\/p\u003e \u003cp\u003e10.4 Process Inputs 186\u003c\/p\u003e \u003cp\u003e10.5 Process Outputs 188\u003c\/p\u003e \u003cp\u003e10.6 Process Controls (Constraints) 188\u003c\/p\u003e \u003cp\u003e10.7 Process Mechanisms (Enablers) 188\u003c\/p\u003e \u003cp\u003e10.7.1 Probability 188\u003c\/p\u003e \u003cp\u003e10.8 Process Activities 189\u003c\/p\u003e \u003cp\u003e10.8.1 Causal Analysis 190\u003c\/p\u003e \u003cp\u003e10.8.2 Decision Analysis and Influence Diagrams 190\u003c\/p\u003e \u003cp\u003e10.8.3 Pareto Analysis 193\u003c\/p\u003e \u003cp\u003e10.8.4 CAPM Analysis 194\u003c\/p\u003e \u003cp\u003e10.8.5 Define Risk Evaluation Categories and Values 195\u003c\/p\u003e \u003cp\u003e10.9 Summary 195\u003c\/p\u003e \u003cp\u003e10.10 References 196\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Risk Evaluation: Stage 4 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Process 197\u003c\/p\u003e \u003cp\u003e11.2 Process Goal and Subgoals 197\u003c\/p\u003e \u003cp\u003e11.3 Process Definition 198\u003c\/p\u003e \u003cp\u003e11.4 Process Inputs 198\u003c\/p\u003e \u003cp\u003e11.5 Process Outputs 198\u003c\/p\u003e \u003cp\u003e11.6 Process Controls (Constraints) 199\u003c\/p\u003e \u003cp\u003e11.7 Process Mechanisms (Enablers) 200\u003c\/p\u003e \u003cp\u003e11.7.1 Probability Trees 200\u003c\/p\u003e \u003cp\u003e11.7.2 Expected Monetary Value 201\u003c\/p\u003e \u003cp\u003e11.7.3 Utility Theory and Functions 203\u003c\/p\u003e \u003cp\u003e11.7.4 Decision Trees 204\u003c\/p\u003e \u003cp\u003e11.7.5 Markov Chain 208\u003c\/p\u003e \u003cp\u003e11.7.6 Investment Appraisal 210\u003c\/p\u003e \u003cp\u003e11.8 Process Activities 215\u003c\/p\u003e \u003cp\u003e11.8.1 Basic Concepts of Probability 215\u003c\/p\u003e \u003cp\u003e11.8.2 Sensitivity Analysis 216\u003c\/p\u003e \u003cp\u003e11.8.3 Scenario Analysis 217\u003c\/p\u003e \u003cp\u003e11.8.4 Simulation 217\u003c\/p\u003e \u003cp\u003e11.8.5 Monte Carlo Simulation 218\u003c\/p\u003e \u003cp\u003e11.8.6 Latin Hypercube 220\u003c\/p\u003e \u003cp\u003e11.8.7 Probability Distributions Defined from Expert Opinion 220\u003c\/p\u003e \u003cp\u003e11.9 Summary 221\u003c\/p\u003e \u003cp\u003e11.10 References 222\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Risk Treatment: Stage 5 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Process 223\u003c\/p\u003e \u003cp\u003e12.2 Process Goal and Subgoals 223\u003c\/p\u003e \u003cp\u003e12.3 Process Definition 224\u003c\/p\u003e \u003cp\u003e12.4 Process Inputs 224\u003c\/p\u003e \u003cp\u003e12.5 Process Outputs 224\u003c\/p\u003e \u003cp\u003e12.6 Process Controls (Constraints) 225\u003c\/p\u003e \u003cp\u003e12.7 Process Mechanisms 225\u003c\/p\u003e \u003cp\u003e12.8 Process Activities 226\u003c\/p\u003e \u003cp\u003e12.9 Risk Appetite 226\u003c\/p\u003e \u003cp\u003e12.10 Risk Response Strategies 228\u003c\/p\u003e \u003cp\u003e12.10.1 Risk Reduction 228\u003c\/p\u003e \u003cp\u003e12.10.2 Risk Removal 228\u003c\/p\u003e \u003cp\u003e12.10.3 Risk Reassignment or Transfer 229\u003c\/p\u003e \u003cp\u003e12.10.4 Risk Retention 230\u003c\/p\u003e \u003cp\u003e12.11 Summary 230\u003c\/p\u003e \u003cp\u003e12.12 References 231\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Monitoring and Review: Stage 6 233\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Process 233\u003c\/p\u003e \u003cp\u003e13.2 Process Goal and Subgoals 234\u003c\/p\u003e \u003cp\u003e13.3 Process Definition 234\u003c\/p\u003e \u003cp\u003e13.4 Process Inputs 235\u003c\/p\u003e \u003cp\u003e13.5 Process Outputs 235\u003c\/p\u003e \u003cp\u003e13.6 Process Controls (Constraints) 235\u003c\/p\u003e \u003cp\u003e13.7 Process Mechanisms 236\u003c\/p\u003e \u003cp\u003e13.8 Process Activities 236\u003c\/p\u003e \u003cp\u003e13.8.1 Executing 236\u003c\/p\u003e \u003cp\u003e13.8.2 Monitoring 236\u003c\/p\u003e \u003cp\u003e13.8.3 Controlling 237\u003c\/p\u003e \u003cp\u003e13.9 Summary 239\u003c\/p\u003e \u003cp\u003e13.10 Reference 240\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Communication and Consultation: Stage 7 241\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Process 241\u003c\/p\u003e \u003cp\u003e14.2 Process Goal and Subgoals 242\u003c\/p\u003e \u003cp\u003e14.3 Process Definition 242\u003c\/p\u003e \u003cp\u003e14.4 Process Inputs 243\u003c\/p\u003e \u003cp\u003e14.5 Process Outputs 243\u003c\/p\u003e \u003cp\u003e14.6 Process Controls (Constraints) 244\u003c\/p\u003e \u003cp\u003e14.7 Process Mechanisms 244\u003c\/p\u003e \u003cp\u003e14.8 Process Activities 244\u003c\/p\u003e \u003cp\u003e14.9 Internal Communication 245\u003c\/p\u003e \u003cp\u003e14.10 External Communication 245\u003c\/p\u003e \u003cp\u003e14.11 Summary 245\u003c\/p\u003e \u003cp\u003e14.12 Reference 246\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Internal Influences – Micro Factors 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Financial Risk Management 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Definition of Financial Risk 249\u003c\/p\u003e \u003cp\u003e15.2 Scope of Financial Risk 250\u003c\/p\u003e \u003cp\u003e15.3 Benefits of Financial Risk Management 250\u003c\/p\u003e \u003cp\u003e15.4 Implementation of Financial Risk Management 251\u003c\/p\u003e \u003cp\u003e15.5 Liquidity Risk 251\u003c\/p\u003e \u003cp\u003e15.5.1 Current and Quick Ratios 251\u003c\/p\u003e \u003cp\u003e15.5.2 Mitigation of Liquidity Risk 253\u003c\/p\u003e \u003cp\u003e15.6 Credit Risk 253\u003c\/p\u003e \u003cp\u003e15.6.1 Default Risk 253\u003c\/p\u003e \u003cp\u003e15.6.2 Exposure Risk 254\u003c\/p\u003e \u003cp\u003e15.6.3 Recovery Risk 254\u003c\/p\u003e \u003cp\u003e15.6.4 Credit Insurance 255\u003c\/p\u003e \u003cp\u003e15.6.5 Counterparty Risk 256\u003c\/p\u003e \u003cp\u003e15.6.6 Due Diligence 256\u003c\/p\u003e \u003cp\u003e15.7 Borrowing 259\u003c\/p\u003e \u003cp\u003e15.8 Currency Risk 259\u003c\/p\u003e \u003cp\u003e15.9 Funding Risk 260\u003c\/p\u003e \u003cp\u003e15.10 Foreign Investment Risk 262\u003c\/p\u003e \u003cp\u003e15.10.1 Country Risk 262\u003c\/p\u003e \u003cp\u003e15.10.2 Environment Risk 263\u003c\/p\u003e \u003cp\u003e15.11 Derivatives 263\u003c\/p\u003e \u003cp\u003e15.11.1 Exchange Traded Derivatives 263\u003c\/p\u003e \u003cp\u003e15.11.2 Over-the-Counter Derivatives 264\u003c\/p\u003e \u003cp\u003e15.12 Summary 264\u003c\/p\u003e \u003cp\u003e15.13 References 265\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Operational Risk Management 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Definition of Operational Risk 268\u003c\/p\u003e \u003cp\u003e16.2 Scope of Operational Risk 269\u003c\/p\u003e \u003cp\u003e16.3 Benefits of Operational Risk 270\u003c\/p\u003e \u003cp\u003e16.4 Implementation of Operational Risk 270\u003c\/p\u003e \u003cp\u003e16.5 Strategy 270\u003c\/p\u003e \u003cp\u003e16.5.1 Definition of Strategy Risk 270\u003c\/p\u003e \u003cp\u003e16.5.2 Objectives 271\u003c\/p\u003e \u003cp\u003e16.5.3 Business Plan 272\u003c\/p\u003e \u003cp\u003e16.5.4 New Business Development 272\u003c\/p\u003e \u003cp\u003e16.5.5 Resources 273\u003c\/p\u003e \u003cp\u003e16.5.6 Stakeholder Interests 273\u003c\/p\u003e \u003cp\u003e16.5.7 Corporate Experience 274\u003c\/p\u003e \u003cp\u003e16.5.8 Reputation 274\u003c\/p\u003e \u003cp\u003e16.6 People 275\u003c\/p\u003e \u003cp\u003e16.6.1 Definition of People Risk 275\u003c\/p\u003e \u003cp\u003e16.6.2 Types of People Risk 276\u003c\/p\u003e \u003cp\u003e16.6.3 Human Resource Management Practices 276\u003c\/p\u003e \u003cp\u003e16.6.4 Ability to Pay Salaries 277\u003c\/p\u003e \u003cp\u003e16.6.5 Regulatory and Statutory Requirements 277\u003c\/p\u003e \u003cp\u003e16.6.6 Staff Constraints 280\u003c\/p\u003e \u003cp\u003e16.6.7 Staff Dishonesty 287\u003c\/p\u003e \u003cp\u003e16.6.8 Risk Management 287\u003c\/p\u003e \u003cp\u003e16.6.9 Health and Safety 292\u003c\/p\u003e \u003cp\u003e16.7 Processes and Systems 292\u003c\/p\u003e \u003cp\u003e16.7.1 Definition of Processes and Systems Risk 293\u003c\/p\u003e \u003cp\u003e16.7.2 Controls 293\u003c\/p\u003e \u003cp\u003e16.7.3 Regulatory and Statutory Requirements 294\u003c\/p\u003e \u003cp\u003e16.7.4 Continuity 294\u003c\/p\u003e \u003cp\u003e16.7.5 Indicators of Loss 295\u003c\/p\u003e \u003cp\u003e16.7.6 Transactions 295\u003c\/p\u003e \u003cp\u003e16.7.7 Computer\/IT Systems 297\u003c\/p\u003e \u003cp\u003e16.7.8 Knowledge Management 301\u003c\/p\u003e \u003cp\u003e16.7.9 Project Management 302\u003c\/p\u003e \u003cp\u003e16.8 External Events 303\u003c\/p\u003e \u003cp\u003e16.8.1 Change Management 303\u003c\/p\u003e \u003cp\u003e16.8.2 Business Continuity 304\u003c\/p\u003e \u003cp\u003e16.9 Outsourcing 305\u003c\/p\u003e \u003cp\u003e16.10 Measurement 307\u003c\/p\u003e \u003cp\u003e16.11 Mitigation 307\u003c\/p\u003e \u003cp\u003e16.12 Summary 307\u003c\/p\u003e \u003cp\u003e16.13 References 308\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Technological Risk Management 309\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Definition of Technology Risk 310\u003c\/p\u003e \u003cp\u003e17.2 Scope of Technology Risk 310\u003c\/p\u003e \u003cp\u003e17.3 Benefits of Technology Risk Management 311\u003c\/p\u003e \u003cp\u003e17.4 Implementation of Technology Risk Management 311\u003c\/p\u003e \u003cp\u003e17.5 Primary Technology Types 312\u003c\/p\u003e \u003cp\u003e17.5.1 Information Technology 312\u003c\/p\u003e \u003cp\u003e17.5.2 Communications Technology 315\u003c\/p\u003e \u003cp\u003e17.5.3 Control Technology 319\u003c\/p\u003e \u003cp\u003e17.6 Responding to Technology Risk 324\u003c\/p\u003e \u003cp\u003e17.6.1 IT Governance 324\u003c\/p\u003e \u003cp\u003e17.6.2 Investment 326\u003c\/p\u003e \u003cp\u003e17.6.3 Projects 329\u003c\/p\u003e \u003cp\u003e17.7 Summary 330\u003c\/p\u003e \u003cp\u003e17.8 References 331\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Project Risk Management 333\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Definition of Project Risk 334\u003c\/p\u003e \u003cp\u003e18.2 Definition of Project Risk Management 334\u003c\/p\u003e \u003cp\u003e18.3 Sources of Project Risk 335\u003c\/p\u003e \u003cp\u003e18.4 Benefits of Project Risk Management 335\u003c\/p\u003e \u003cp\u003e18.5 Embedding Project Risk Management 336\u003c\/p\u003e \u003cp\u003e18.5.1 Common Challenges in Implementing Project Risk Management 336\u003c\/p\u003e \u003cp\u003e18.5.2 Lack of Clearly Defined and Disseminated Risk Management Objectives 337\u003c\/p\u003e \u003cp\u003e18.5.3 Lack of Senior Executive and Project Director Commitment and Support 337\u003c\/p\u003e \u003cp\u003e18.5.4 Lack of a Risk Maturity Model 337\u003c\/p\u003e \u003cp\u003e18.5.5 Lack of a Change Process to Implement the Discipline 338\u003c\/p\u003e \u003cp\u003e18.5.6 No Common Risk Language (Terms and Definitions) 338\u003c\/p\u003e \u003cp\u003e18.5.7 Lack of Articulation of the Project Sponsor’s Risk Appetite 338\u003c\/p\u003e \u003cp\u003e18.5.8 No Definition of Roles and Responsibilities 339\u003c\/p\u003e \u003cp\u003e18.5.9 Lack of Risk Management Awareness Training to Build Core Competencies 339\u003c\/p\u003e \u003cp\u003e18.5.10 Lack of Integration of Risk Management with Other Project Disciplines 340\u003c\/p\u003e \u003cp\u003e18.5.11 Reticence of Project Personnel to Spend Time on Risk Management 340\u003c\/p\u003e \u003cp\u003e18.5.12 Risk Owners not Automatically Taking Responsibility for Assigned Risks 341\u003c\/p\u003e \u003cp\u003e18.5.13 No Clear Demonstration of How Risk Management Adds Value and Contributes to Project Performance 341\u003c\/p\u003e \u003cp\u003e18.5.14 Overcomplicated Implementation from an Unclear Risk Policy, Strategy, Framework, Plan and Procedure 341\u003c\/p\u003e \u003cp\u003e18.5.15 Lack of Alignment between the Business Strategy, Business Model and the Risk Management Objectives 341\u003c\/p\u003e \u003cp\u003e18.5.16 Lack of the Integration of Risk Management Activities into the Day-to-Day Activities of Project Managers 342\u003c\/p\u003e \u003cp\u003e18.6 Project Risk Management Process 342\u003c\/p\u003e \u003cp\u003e18.6.1 Establish the Context 342\u003c\/p\u003e \u003cp\u003e18.6.2 Risk Identification 344\u003c\/p\u003e \u003cp\u003e18.6.3 Risk Analysis 344\u003c\/p\u003e \u003cp\u003e18.6.4 Risk Evaluation 345\u003c\/p\u003e \u003cp\u003e18.6.5 Risk Treatment 345\u003c\/p\u003e \u003cp\u003e18.6.6 Risk Monitoring and Review 345\u003c\/p\u003e \u003cp\u003e18.6.7 Communication and Consultation 346\u003c\/p\u003e \u003cp\u003e18.7 Responsibility for Project Risk Management 346\u003c\/p\u003e \u003cp\u003e18.8 Project Director’s Role 347\u003c\/p\u003e \u003cp\u003e18.9 Project Team 347\u003c\/p\u003e \u003cp\u003e18.9.1 Lack of Team Structure 347\u003c\/p\u003e \u003cp\u003e18.9.2 Lack of Definition of Roles 348\u003c\/p\u003e \u003cp\u003e18.9.3 Lack of Responsibility Assignment Matrix 348\u003c\/p\u003e \u003cp\u003e18.9.4 Poor Leadership 348\u003c\/p\u003e \u003cp\u003e18.9.5 Poor Team Communication 348\u003c\/p\u003e \u003cp\u003e18.10 Optimism Bias 349\u003c\/p\u003e \u003cp\u003e18.10.1 The Investment Decision 349\u003c\/p\u003e \u003cp\u003e18.10.2 Optimism Bias 350\u003c\/p\u003e \u003cp\u003e18.10.3 Monitoring 350\u003c\/p\u003e \u003cp\u003e18.10.4 Using Numerical Indicators in Project Decision Making 350\u003c\/p\u003e \u003cp\u003e18.10.5 Causes of Optimism Bias 351\u003c\/p\u003e \u003cp\u003e18.10.6 The Distinction between Risk Events and Optimism Bias 351\u003c\/p\u003e \u003cp\u003e18.11 Software Tools Used to Support Project Risk Management 351\u003c\/p\u003e \u003cp\u003e18.12 Techniques Used to Support Project Risk Management 352\u003c\/p\u003e \u003cp\u003e18.13 Summary 352\u003c\/p\u003e \u003cp\u003e18.14 References 354\u003c\/p\u003e \u003cp\u003e\u003cb\u003e19 Business Ethics Management 355\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Definition of Business Ethics Risk 355\u003c\/p\u003e \u003cp\u003e19.2 Scope of Business Ethics Risk 356\u003c\/p\u003e \u003cp\u003e19.3 Benefits of Ethics Risk Management 357\u003c\/p\u003e \u003cp\u003e19.4 How Unethical Behaviour can Arise 357\u003c\/p\u003e \u003cp\u003e19.5 Recognition of the Need for Business Ethics 358\u003c\/p\u003e \u003cp\u003e19.5.1 US Department of Commerce 358\u003c\/p\u003e \u003cp\u003e19.5.2 The G8 Summit in Italy Pushes for a Return to “Ethics” 359\u003c\/p\u003e \u003cp\u003e19.5.3 OECD and Its Approach to Business Ethics 359\u003c\/p\u003e \u003cp\u003e19.5.4 UK Financial Services Authority 360\u003c\/p\u003e \u003cp\u003e19.5.5 US Department of Justice 360\u003c\/p\u003e \u003cp\u003e19.6 Factors that Affect Business Ethics 361\u003c\/p\u003e \u003cp\u003e19.7 Risk Events 361\u003c\/p\u003e \u003cp\u003e19.8 Implementation of Ethical Risk Management 365\u003c\/p\u003e \u003cp\u003e19.8.1 Areas of Focus 365\u003c\/p\u003e \u003cp\u003e19.8.2 Levels of Application 366\u003c\/p\u003e \u003cp\u003e19.8.3 The System 368\u003c\/p\u003e \u003cp\u003e19.9 Summary 374\u003c\/p\u003e \u003cp\u003e19.10 References 374\u003c\/p\u003e \u003cp\u003e\u003cb\u003e20 Health and Safety Management 375\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 Definition of Health and Safety Risk 375\u003c\/p\u003e \u003cp\u003e20.2 Scope of Health and Safety Risk 376\u003c\/p\u003e \u003cp\u003e20.3 Benefits of Health and Safety Risk Management 376\u003c\/p\u003e \u003cp\u003e20.3.1 Business Benefits 377\u003c\/p\u003e \u003cp\u003e20.3.2 The Enterprise Context: AstraZeneca 378\u003c\/p\u003e \u003cp\u003e20.4 The UK Health and Safety Executive 378\u003c\/p\u003e \u003cp\u003e20.4.1 The UK Perspective: Health and Safety Record 379\u003c\/p\u003e \u003cp\u003e20.5 The European Agency for Safety and Health at Work 379\u003c\/p\u003e \u003cp\u003e20.5.1 Main Challenges Concerning Health and Safety at Work 380\u003c\/p\u003e \u003cp\u003e20.6 Implementation of Health and Safety Risk Management 380\u003c\/p\u003e \u003cp\u003e20.6.1 Management Arrangements 381\u003c\/p\u003e \u003cp\u003e20.6.2 Risk Controls 381\u003c\/p\u003e \u003cp\u003e20.6.3 Workplace Precautions 381\u003c\/p\u003e \u003cp\u003e20.6.4 System Implementation 382\u003c\/p\u003e \u003cp\u003e20.7 Workplace Precautions 382\u003c\/p\u003e \u003cp\u003e20.8 Contribution of Human Error to Major Disasters 382\u003c\/p\u003e \u003cp\u003e20.8.1 Tenerife, 27 March 1977 382\u003c\/p\u003e \u003cp\u003e20.8.2 Chernobyl, 26 April 1986 384\u003c\/p\u003e \u003cp\u003e20.8.3 Kegworth, 8 January 1989 385\u003c\/p\u003e \u003cp\u003e20.8.4 \u003ci\u003eHerald of Free Enterprise\u003c\/i\u003e, 6 March 1987 386\u003c\/p\u003e \u003cp\u003e20.8.5 \u003ci\u003ePiper Alpha\u003c\/i\u003e, 6 July 1988 387\u003c\/p\u003e \u003cp\u003e20.8.6 Ladbroke Grove, 5 October 1999 387\u003c\/p\u003e \u003cp\u003e20.9 Improving Human Reliability in the Workplace 388\u003c\/p\u003e \u003cp\u003e20.10 Risk Management Best Practice 389\u003c\/p\u003e \u003cp\u003e20.10.1 Crisis Management Plan 389\u003c\/p\u003e \u003cp\u003e20.11 Summary 390\u003c\/p\u003e \u003cp\u003e20.12 References 390\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Iv External Influences – Macro Factors 391\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e21 Economic Risk 393\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21.1 Definition of Economic Risk 393\u003c\/p\u003e \u003cp\u003e21.2 Scope of Economic Risk 393\u003c\/p\u003e \u003cp\u003e21.3 Benefits of Economic Risk Management 394\u003c\/p\u003e \u003cp\u003e21.4 Implementation of Economic Risk Management 394\u003c\/p\u003e \u003cp\u003e21.5 Microeconomics and Macroeconomics 394\u003c\/p\u003e \u003cp\u003e21.6 Macroeconomics 395\u003c\/p\u003e \u003cp\u003e21.6.1 Gross Domestic Product 395\u003c\/p\u003e \u003cp\u003e21.7 Government Policy 397\u003c\/p\u003e \u003cp\u003e21.7.1 Fiscal Policy 397\u003c\/p\u003e \u003cp\u003e21.7.2 Monetary Policy 397\u003c\/p\u003e \u003cp\u003e21.7.3 Competing Theories 398\u003c\/p\u003e \u003cp\u003e21.8 Aggregate Demand 398\u003c\/p\u003e \u003cp\u003e21.8.1 Using Aggregate Demand Curves 399\u003c\/p\u003e \u003cp\u003e21.8.2 Determinants of Consumer Spending 399\u003c\/p\u003e \u003cp\u003e21.8.3 Determinants of Investment Expenditure 400\u003c\/p\u003e \u003cp\u003e21.8.4 Determinants of Government Spending 400\u003c\/p\u003e \u003cp\u003e21.8.5 Determinants of Net Expenditure on Exports and Imports 401\u003c\/p\u003e \u003cp\u003e21.9 Aggregate Supply 401\u003c\/p\u003e \u003cp\u003e21.10 Employment Levels 403\u003c\/p\u003e \u003cp\u003e21.11 Inflation 403\u003c\/p\u003e \u003cp\u003e21.12 Interest Rate Risk 404\u003c\/p\u003e \u003cp\u003e21.13 House Prices 405\u003c\/p\u003e \u003cp\u003e21.14 International Trade and Protection 405\u003c\/p\u003e \u003cp\u003e21.14.1 Trade 405\u003c\/p\u003e \u003cp\u003e21.14.2 Methods of Protectionism 406\u003c\/p\u003e \u003cp\u003e21.14.3 Trade Policy 406\u003c\/p\u003e \u003cp\u003e21.14.4 Balance of Trade 406\u003c\/p\u003e \u003cp\u003e21.15 Currency Risk 407\u003c\/p\u003e \u003cp\u003e21.15.1 Risk Mitigation by Hedging 407\u003c\/p\u003e \u003cp\u003e21.16 Summary 412\u003c\/p\u003e \u003cp\u003e21.17 References 412\u003c\/p\u003e \u003cp\u003e\u003cb\u003e22 Environmental Risk 413\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e22.1 Definition of Environmental Risk 413\u003c\/p\u003e \u003cp\u003e22.2 Scope of Environmental Risk 415\u003c\/p\u003e \u003cp\u003e22.3 Benefits of Environmental Risk Management 415\u003c\/p\u003e \u003cp\u003e22.4 Implementation of Environmental\u003c\/p\u003e \u003cp\u003eRisk Management 415\u003c\/p\u003e \u003cp\u003e22.5 Energy Sources 416\u003c\/p\u003e \u003cp\u003e22.5.1 Renewable Energy 417\u003c\/p\u003e \u003cp\u003e22.6 Use of Resources 419\u003c\/p\u003e \u003cp\u003e22.7 Pollution 420\u003c\/p\u003e \u003cp\u003e22.8 Global Warming 420\u003c\/p\u003e \u003cp\u003e22.9 Response to Global Warming 422\u003c\/p\u003e \u003cp\u003e22.9.1 Earth Summit 422\u003c\/p\u003e \u003cp\u003e22.9.2 The Kyoto Protocol 422\u003c\/p\u003e \u003cp\u003e22.9.3 Pollution Control Targets 422\u003c\/p\u003e \u003cp\u003e22.9.4 Sufficiency of Emission Cuts 423\u003c\/p\u003e \u003cp\u003e22.9.5 US Climate Pact 423\u003c\/p\u003e \u003cp\u003e22.9.6 The Copenhagen Accord 424\u003c\/p\u003e \u003cp\u003e22.9.7 European Union 425\u003c\/p\u003e \u003cp\u003e22.9.8 Cancún Agreements 425\u003c\/p\u003e \u003cp\u003e22.9.9 Domestic Government Response to Climate Change 426\u003c\/p\u003e \u003cp\u003e22.9.10 Levy 427\u003c\/p\u003e \u003cp\u003e22.9.11 Emissions Trading 428\u003c\/p\u003e \u003cp\u003e22.9.12 Impact on Business 428\u003c\/p\u003e \u003cp\u003e22.10 Stimulation to Environmental Considerations 429\u003c\/p\u003e \u003cp\u003e22.10.1 FTSE4Good Index 429\u003c\/p\u003e \u003cp\u003e22.10.2 Carbon Trust 429\u003c\/p\u003e \u003cp\u003e22.10.3 Public Pressure 430\u003c\/p\u003e \u003cp\u003e22.11 Environmental Sustainability 431\u003c\/p\u003e \u003cp\u003e22.12 Summary 432\u003c\/p\u003e \u003cp\u003e22.13 References 433\u003c\/p\u003e \u003cp\u003e\u003cb\u003e23 Legal Risk 435\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e23.1 Definition of Legal Risk 435\u003c\/p\u003e \u003cp\u003e23.2 Scope of Legal Risk 435\u003c\/p\u003e \u003cp\u003e23.3 Benefits of Legal Risk Management 436\u003c\/p\u003e \u003cp\u003e23.4 Implementation of Legal Risk Management 436\u003c\/p\u003e \u003cp\u003e23.5 Business Law 437\u003c\/p\u003e \u003cp\u003e23.6 Companies 438\u003c\/p\u003e \u003cp\u003e23.6.1 The Company Name 438\u003c\/p\u003e \u003cp\u003e23.6.2 The Memorandum of Association 438\u003c\/p\u003e \u003cp\u003e23.6.3 Articles of Association 439\u003c\/p\u003e \u003cp\u003e23.6.4 Financing the Company 439\u003c\/p\u003e \u003cp\u003e23.6.5 The Issue of Shares and Debentures 440\u003c\/p\u003e \u003cp\u003e23.6.6 The Official Listing of Securities 440\u003c\/p\u003e \u003cp\u003e23.6.7 The Remedy of Rescission 440\u003c\/p\u003e \u003cp\u003e23.6.8 Protection of Minority Interests 440\u003c\/p\u003e \u003cp\u003e23.6.9 Duties of Directors 441\u003c\/p\u003e \u003cp\u003e23.7 Intellectual Property 441\u003c\/p\u003e \u003cp\u003e23.7.1 Patents 441\u003c\/p\u003e \u003cp\u003e23.7.2 Copyright 445\u003c\/p\u003e \u003cp\u003e23.7.3 Designs 446\u003c\/p\u003e \u003cp\u003e23.8 Employment Law 447\u003c\/p\u003e \u003cp\u003e23.9 Contracts 447\u003c\/p\u003e \u003cp\u003e23.9.1 Essentials of a Valid Contract 447\u003c\/p\u003e \u003cp\u003e23.9.2 Types of Contract 447\u003c\/p\u003e \u003cp\u003e23.10 Criminal Liability in Business 448\u003c\/p\u003e \u003cp\u003e23.10.1 Misdescriptions of Goods and Services 448\u003c\/p\u003e \u003cp\u003e23.10.2 Misleading Price Indications 449\u003c\/p\u003e \u003cp\u003e23.10.3 Product Safety 450\u003c\/p\u003e \u003cp\u003e23.11 Computer Misuse 451\u003c\/p\u003e \u003cp\u003e23.11.1 Unauthorised Access to Computer Material 451\u003c\/p\u003e \u003cp\u003e23.11.2 Unauthorised Access with Intent to Commit or Facilitate\u003c\/p\u003e \u003cp\u003eFurther Offences 451\u003c\/p\u003e \u003cp\u003e23.11.3 Unauthorised Modification of Computer Material 451\u003c\/p\u003e \u003cp\u003e23.12 Summary 452\u003c\/p\u003e \u003cp\u003e\u003cb\u003e24 Political Risk 453\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e24.1 Definition of Political Risk 454\u003c\/p\u003e \u003cp\u003e24.2 Scope of Political Risk 454\u003c\/p\u003e \u003cp\u003e24.2.1 Macropolitical Risks 454\u003c\/p\u003e \u003cp\u003e24.2.2 Micropolitical Risks 455\u003c\/p\u003e \u003cp\u003e24.3 Benefits of Political Risk Management 455\u003c\/p\u003e \u003cp\u003e24.4 Implementation of Political Risk Management 455\u003c\/p\u003e \u003cp\u003e24.5 Zonis and Wilkin Political Risk Framework 457\u003c\/p\u003e \u003cp\u003e24.6 Contracts 459\u003c\/p\u003e \u003cp\u003e24.7 Transition Economies of Europe 459\u003c\/p\u003e \u003cp\u003e24.8 UK Government Fiscal Policy 460\u003c\/p\u003e \u003cp\u003e24.9 Pressure Groups 461\u003c\/p\u003e \u003cp\u003e24.10 Terrorism and Blackmail 461\u003c\/p\u003e \u003cp\u003e24.11 Responding to Political Risk 462\u003c\/p\u003e \u003cp\u003e24.11.1 Assessing Political Risk Factors 463\u003c\/p\u003e \u003cp\u003e24.11.2 Prioritising Political Risk Factors 464\u003c\/p\u003e \u003cp\u003e24.11.3 Improving Relative Bargaining Power 464\u003c\/p\u003e \u003cp\u003e24.12 Summary 464\u003c\/p\u003e \u003cp\u003e24.13 References 465\u003c\/p\u003e \u003cp\u003e\u003cb\u003e25 Market Risk 467\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e25.1 Definition of Market Risk 467\u003c\/p\u003e \u003cp\u003e25.2 Scope of Market Risk 468\u003c\/p\u003e \u003cp\u003e25.2.1 Levels of Uncertainty in the Marketing Environment 469\u003c\/p\u003e \u003cp\u003e25.3 Benefits of Market Risk Management 470\u003c\/p\u003e \u003cp\u003e25.4 Implementation of Market Risk Management 470\u003c\/p\u003e \u003cp\u003e25.5 Market Structure 470\u003c\/p\u003e \u003cp\u003e25.5.1 The Number of Firms in an Industry 471\u003c\/p\u003e \u003cp\u003e25.5.2 Barriers to Entry 471\u003c\/p\u003e \u003cp\u003e25.5.3 Product Homogeneity, Product Diversity and Branding 473\u003c\/p\u003e \u003cp\u003e25.5.4 Knowledge 473\u003c\/p\u003e \u003cp\u003e25.5.5 Interrelationships within Markets 474\u003c\/p\u003e \u003cp\u003e25.6 Product Life Cycle Stage 475\u003c\/p\u003e \u003cp\u003e25.6.1 Sales Growth 476\u003c\/p\u003e \u003cp\u003e25.7 Alternative Strategic Directions 476\u003c\/p\u003e \u003cp\u003e25.7.1 Market Penetration 477\u003c\/p\u003e \u003cp\u003e25.7.2 Product Development 477\u003c\/p\u003e \u003cp\u003e25.7.3 Market Development 479\u003c\/p\u003e \u003cp\u003e25.7.4 Diversification 481\u003c\/p\u003e \u003cp\u003e25.8 Acquisition 482\u003c\/p\u003e \u003cp\u003e25.9 Competition 483\u003c\/p\u003e \u003cp\u003e25.9.1 Price Stability 483\u003c\/p\u003e \u003cp\u003e25.9.2 Non-Price Competition 484\u003c\/p\u003e \u003cp\u003e25.9.3 Branding 485\u003c\/p\u003e \u003cp\u003e25.9.4 Market Strategies 486\u003c\/p\u003e \u003cp\u003e25.10 Price Elasticity\/Sensitivity 489\u003c\/p\u003e \u003cp\u003e25.10.1 Elasticity 489\u003c\/p\u003e \u003cp\u003e25.10.2 Price Elasticity 489\u003c\/p\u003e \u003cp\u003e25.11 Distribution Strength 490\u003c\/p\u003e \u003cp\u003e25.12 Market Risk Measurement: Value at Risk 490\u003c\/p\u003e \u003cp\u003e25.12.1 Definition of Value at Risk 490\u003c\/p\u003e \u003cp\u003e25.12.2 Value at Risk 490\u003c\/p\u003e \u003cp\u003e25.12.3 VaR Model Assumptions 491\u003c\/p\u003e \u003cp\u003e25.12.4 Use of VaR to Limit Risk 493\u003c\/p\u003e \u003cp\u003e25.12.5 Calculating Value at Risk 494\u003c\/p\u003e \u003cp\u003e25.13 Risk Response Planning 496\u003c\/p\u003e \u003cp\u003e25.14 Summary 496\u003c\/p\u003e \u003cp\u003e25.15 References 497\u003c\/p\u003e \u003cp\u003e\u003cb\u003e26 Social Risk 499\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e26.1 Definition of Social Risk 499\u003c\/p\u003e \u003cp\u003e26.2 Scope of Social Risk 500\u003c\/p\u003e \u003cp\u003e26.3 Benefits of Social Risk Management 500\u003c\/p\u003e \u003cp\u003e26.4 Implementation of Social Risk Management 501\u003c\/p\u003e \u003cp\u003e26.5 Education 501\u003c\/p\u003e \u003cp\u003e26.6 Population Movements: Demographic Changes 502\u003c\/p\u003e \u003cp\u003e26.6.1 The Changing Market 503\u003c\/p\u003e \u003cp\u003e26.7 Socio-Cultural Patterns and Trends 504\u003c\/p\u003e \u003cp\u003e26.8 Crime 504\u003c\/p\u003e \u003cp\u003e26.8.1 Key Facts 504\u003c\/p\u003e \u003cp\u003e26.9 Lifestyles and Social Attitudes 505\u003c\/p\u003e \u003cp\u003e26.9.1 More Home Improvements 505\u003c\/p\u003e \u003cp\u003e26.9.2 Motherhood, Marriage and Family Formation 505\u003c\/p\u003e \u003cp\u003e26.9.3 Health 506\u003c\/p\u003e \u003cp\u003e26.9.4 Less Healthy Diets 507\u003c\/p\u003e \u003cp\u003e26.9.5 Smoking and Drinking 508\u003c\/p\u003e \u003cp\u003e26.9.6 Long Working Hours 509\u003c\/p\u003e \u003cp\u003e26.9.7 Stress Levels 509\u003c\/p\u003e \u003cp\u003e26.9.8 Recreation and Tourism 510\u003c\/p\u003e \u003cp\u003e26.10 Summary 510\u003c\/p\u003e \u003cp\u003e26.11 References 511\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V The Appointment 513\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e27 Introduction 515\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e27.1 Change Process From the Client Perspective 515\u003c\/p\u003e \u003cp\u003e27.1.1 Planning 515\u003c\/p\u003e \u003cp\u003e27.1.2 Timely Information 516\u003c\/p\u003e \u003cp\u003e27.1.3 Risk Management Resources 516\u003c\/p\u003e \u003cp\u003e27.2 Selection of Consultants 517\u003c\/p\u003e \u003cp\u003e27.2.1 Objectives 517\u003c\/p\u003e \u003cp\u003e27.2.2 The Brief 517\u003c\/p\u003e \u003cp\u003e27.2.3 Describing Activity Interfaces 517\u003c\/p\u003e \u003cp\u003e27.2.4 Appointment Process Management 518\u003c\/p\u003e \u003cp\u003e27.2.5 The Long-Listing Process 518\u003c\/p\u003e \u003cp\u003e27.2.6 Short-List Selection Criteria 519\u003c\/p\u003e \u003cp\u003e27.2.7 Request for a Short-Listing Interview 519\u003c\/p\u003e \u003cp\u003e27.2.8 Compilation of Short List 519\u003c\/p\u003e \u003cp\u003e27.2.9 Prepare an Exclusion Notification 520\u003c\/p\u003e \u003cp\u003e27.2.10 Prepare Tender Documents 520\u003c\/p\u003e \u003cp\u003e27.2.11 Agreement to be Issued with the Tender Invitation 521\u003c\/p\u003e \u003cp\u003e27.2.12 Tender Process 521\u003c\/p\u003e \u003cp\u003e27.2.13 Award 521\u003c\/p\u003e \u003cp\u003e27.2.14 Notification to Unsuccessful Tenderers 522\u003c\/p\u003e \u003cp\u003e27.3 Summary 522\u003c\/p\u003e \u003cp\u003e27.4 Reference 522\u003c\/p\u003e \u003cp\u003e\u003cb\u003e28 Interview with the Client 523\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e28.1 First Impressions\/Contact 523\u003c\/p\u003e \u003cp\u003e28.2 Client Focus 524\u003c\/p\u003e \u003cp\u003e28.3 Unique Selling Point 524\u003c\/p\u003e \u003cp\u003e28.4 Past Experiences 526\u003c\/p\u003e \u003cp\u003e28.5 Client Interview 527\u003c\/p\u003e \u003cp\u003e28.5.1 Scene\/Overview 527\u003c\/p\u003e \u003cp\u003e28.5.2 Situation\/Context 527\u003c\/p\u003e \u003cp\u003e28.5.3 Scheme\/Plan of Action 527\u003c\/p\u003e \u003cp\u003e28.5.4 Solution Implementation 528\u003c\/p\u003e \u003cp\u003e28.5.5 Success, Measurement of 528\u003c\/p\u003e \u003cp\u003e28.5.6 Secure\/Continue 528\u003c\/p\u003e \u003cp\u003e28.5.7 Stop\/Close 528\u003c\/p\u003e \u003cp\u003e28.6 Assignment Methodology 528\u003c\/p\u003e \u003cp\u003e28.7 Change Management 529\u003c\/p\u003e \u003cp\u003e28.8 Sustainable Change 529\u003c\/p\u003e \u003cp\u003e28.9 Summary 530\u003c\/p\u003e \u003cp\u003e28.10 References 531\u003c\/p\u003e \u003cp\u003e\u003cb\u003e29 Proposal 533\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e29.1 Introduction 533\u003c\/p\u003e \u003cp\u003e29.2 Proposal Preparation 533\u003c\/p\u003e \u003cp\u003e29.2.1 Planning 533\u003c\/p\u003e \u003cp\u003e29.2.2 Preliminary Review 534\u003c\/p\u003e \u003cp\u003e29.3 Proposal Writing 534\u003c\/p\u003e \u003cp\u003e29.3.1 Task Management 534\u003c\/p\u003e \u003cp\u003e29.3.2 Copying Text 534\u003c\/p\u003e \u003cp\u003e29.3.3 Master Copy 534\u003c\/p\u003e \u003cp\u003e29.3.4 Peer Review 534\u003c\/p\u003e \u003cp\u003e29.4 Approach 535\u003c\/p\u003e \u003cp\u003e29.5 Proposal 535\u003c\/p\u003e \u003cp\u003e29.5.1 Identify the Parties – the Who 535\u003c\/p\u003e \u003cp\u003e29.5.2 Identify the Location – the Where 537\u003c\/p\u003e \u003cp\u003e29.5.3 Understand the Project Background – the What 537\u003c\/p\u003e \u003cp\u003e29.5.4 Define the Scope – the Which 537\u003c\/p\u003e \u003cp\u003e29.5.5 Clarify the Objectives – the Why 537\u003c\/p\u003e \u003cp\u003e29.5.6 Determine the Approach – the How 538\u003c\/p\u003e \u003cp\u003e29.5.7 Determine the Timing – the When 538\u003c\/p\u003e \u003cp\u003e29.6 Client Responsibilities 538\u003c\/p\u003e \u003cp\u003e29.7 Remuneration 539\u003c\/p\u003e \u003cp\u003e29.8 Summary 539\u003c\/p\u003e \u003cp\u003e29.9 References 539\u003c\/p\u003e \u003cp\u003e\u003cb\u003e30 Implementation 541\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e30.1 Written Statement of Project Implementation 541\u003c\/p\u003e \u003cp\u003e30.2 Management 541\u003c\/p\u003e \u003cp\u003e30.2.1 Objectives 541\u003c\/p\u003e \u003cp\u003e30.2.2 Planning the Project 542\u003c\/p\u003e \u003cp\u003e30.2.3 Consultant Team Composition 543\u003c\/p\u003e \u003cp\u003e30.2.4 Interface with Stakeholders 543\u003c\/p\u003e \u003cp\u003e30.2.5 Data Gathering 543\u003c\/p\u003e \u003cp\u003e30.2.6 Budget 544\u003c\/p\u003e \u003cp\u003e30.2.7 Assessment of Risk 544\u003c\/p\u003e \u003cp\u003e30.2.8 Deliverables 544\u003c\/p\u003e \u003cp\u003e30.2.9 Presentation of the Findings 545\u003c\/p\u003e \u003cp\u003e30.2.10 Key Factors for Successful Implementation 545\u003c\/p\u003e \u003cp\u003e30.3 Customer Delight 548\u003c\/p\u003e \u003cp\u003e30.4 Summary 548\u003c\/p\u003e \u003cp\u003e30.5 References 548\u003c\/p\u003e \u003cp\u003eAppendix 1: Successful IT: Modernising Government in Action 549\u003c\/p\u003e \u003cp\u003eAppendix 2: Sources of Risk 553\u003c\/p\u003e \u003cp\u003eAppendix 3: DEFRA Risk Management Strategy 557\u003c\/p\u003e \u003cp\u003eAppendix 4: Risk: Improving Government’s Capability to Handle Risk and Uncertainty 561\u003c\/p\u003e \u003cp\u003eAppendix 5: Financial Ratios 567\u003c\/p\u003e \u003cp\u003eAppendix 6: Risk Maturity Models 573\u003c\/p\u003e \u003cp\u003eAppendix 7: SWOT Analysis 579\u003c\/p\u003e \u003cp\u003eAppendix 8: PEST Analysis 583\u003c\/p\u003e \u003cp\u003eAppendix 9: VRIO Analysis 587\u003c\/p\u003e \u003cp\u003eAppendix 10: Value Chain Analysis 589\u003c\/p\u003e \u003cp\u003eAppendix 11: Resource Audit 591\u003c\/p\u003e \u003cp\u003eAppendix 12: Change Management 595\u003c\/p\u003e \u003cp\u003eAppendix 13: Industry Breakpoints 599\u003c\/p\u003e \u003cp\u003eAppendix 14: Probability 601\u003c\/p\u003e \u003cp\u003eAppendix 15: Value at Risk 611\u003c\/p\u003e \u003cp\u003eAppendix 16: Optimism Bias 613\u003c\/p\u003e \u003cp\u003eIndex 621\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866427437399,"sku":"9781119989974","price":71.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119989974.jpg?v=1722278595"},{"product_id":"managing-uncertainty-mitigating-risk-9781137334534","title":"Managing Uncertainty Mitigating Risk","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eManaging Uncertainty, Mitigating Risk proposes that financial risk management broaden its approach, maintaining quantification where possible, but incorporating uncertainty. The author shows that by using broad quantification techniques, and using reason as the guiding principle, practitioners can see a more holistic and complete picture.      \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e'For nearly a century, Frank Knight's distinction between risk and uncertainty has been much admired but rarely put to practical use. Finally, Firoozye and Ariff have done market practitioners a great service by distilling Knight's insight into the novel concept of UVaR uncertain value-at-risk - and applying it to an insightful analysis of the Euro zone crisis. A seminal piece of work and a welcome addition to a risk manager's toolkit.'\u003c\/p\u003e \u003cp\u003e-Cheng Chih SUNG, Co-founder and CEO, Avanda Investment Management; former CRO, Government of Singapore Investment Corporation\u003c\/p\u003e  \u003cp\u003e'Over the last few years risk management has become increasingly focused on uncertainty. Firoozye and Ariff attempt to put real theory to what risk managers now do in practice. We know that planning for uncertainties is useful. I expect that as we develop these theories and the tools that flow from them we will generate important insights into resiliency and risk decisions. The example of the Eurozone is a particularly salient starting point.'\u003c\/p\u003e \u003cp\u003e-Lewis O'Donald, Global Chief Risk Officer, Nomura Holdings Inc.\u003c\/p\u003e  \u003cp\u003e'Lawyers have long used fallback clauses in contracts to prescribe the parties' behavior in the face of a largely unanticipated (but entirely foreseeable) course of events. As shown in Firoozye and Ariff's insightful new book, modern risk managers face an increasingly similar task; to identify, to quantify (however approximately), and wherever possible to mitigate foreseeable (but unpredictable) outcomes.'\u003c\/p\u003e \u003cp\u003e-Lee C. Buchheit, Partner, Cleary Gottlieb Steen \u0026amp; Hamilton LLP, and Chief Counsel for the Hellenic Republic's 2012 debt restructuring\u003c\/p\u003e  \u003cp\u003e'Working as a lawyer with Nick Firoozye, he challenges you to think differently and then really listens to what you say. He's one of the few thinkers who get to grips with how legal uncertainty and contractual ambiguity from the Eurozone crisis to Russian sanctions and beyond inform our models of financial risk.'\u003c\/p\u003e \u003cp\u003e-Bruce Railton, Former Head of Global Markets Legal Team, Nomura\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. Definitions, Applications, Methods and Tools 2. The Mathematics of Uncertainty 3. The New Framework and Approach 4. Case studies 5. Conclusions","brand":"Palgrave Macmillan","offers":[{"title":"Default Title","offer_id":48866428518743,"sku":"9781137334534","price":40.49,"currency_code":"GBP","in_stock":false}]},{"product_id":"the-essentials-of-risk-management-third-edition-9781264258864","title":"The Essentials of Risk Management Third Edition","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eThe âœbibleâ of risk managementâfully updated for an investing landscape dramatically altered by social and technological upheavals\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eWhen it was first published in 2005, \u003ci\u003eThe Essentials of Risk Management\u003c\/i\u003e became an instant classic in risk management. Now, the authors provide a comprehensively updated and revised edition to help you succeed in a world rocked by unprecedented changes.\u003c\/p\u003e\u003cp\u003eCombining academic research with real-world applications, this bestselling guide provides the expert insights that has made it so popular for so many years, covering the most effective ways to measure and transfer credit risk, increase risk-management transparency, and implement an organization-wide enterprise risk management approach. In addition, it covers a wide range of new issues, including:\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eFallout from the COVID pandemic\u003c\/li\u003e\n\u003cli\u003eNew emerging risks associated with digital finance\u003c\/li\u003e\n\u003cli\u003eThe effect of climate change on risk management\u003c\/li\u003e\n\u003cli\u003eGame-changing new tec\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"McGraw-Hill Education","offers":[{"title":"Default Title","offer_id":48866497102167,"sku":"9781264258864","price":43.19,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781264258864.jpg?v=1722278938"},{"product_id":"fundamentals-of-operational-risk-management-9781398605022","title":"Fundamentals of Operational Risk Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eDr Simon Ashby \u003c\/b\u003eis Associate Professor of Financial Services at Vlerick Business School, based in Brussels, Belgium. Prior to this he was Associate Professor at Plymouth Business School, UK and worked as a financial regulator and a senior risk manager in a number of top UK financial institutions. He is a Fellow and former Chairman of the Institute of Operational Risk (IOR) and a Senior Research Fellow at the Centre for Risk, Banking and Financial Services at the University of Nottingham.\u003cb\u003eThe IRM\u003c\/b\u003e is a world leading professional body for risk management, driving excellence in managing risk to ensure organizations are ready for opportunities and threats of the future.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"\u003cb\u003eSimon Ashby\u003c\/b\u003e is very well placed through his long association with the Institute of Operational Risk to write what will prove to be the definitive book on operational risk. He challenges us to expand our understanding of operational risk to encompass 'unpredictable outcomes of the efficiency and effectiveness of operations.' Using a series of compelling case studies, he brings the subject alive. It is sobering to see how many of the selected case studies had underlying cultural drivers. I found the section on risk culture particularly practical in its insights to monitoring and taking action. The approach to operational risk event data establishes the benefits of learning from past events and ensuring recurrence is prevented, which surely is the essence of any robust approach to operational risk.\" * Alex Hindson, Chief Risk \u0026amp; Sustainability Officer, Argo Group *\u003cbr\u003e\"This is an excellent book, serving as an effective pragmatic tool for risk practitioners working in all three lines across the world, as well as a good guide for the academics in operational risk.\" * Dominic Wu, Director, Risk Management BCT Group *\u003cbr\u003e\"\u003cb\u003eSimon Ashby\u003c\/b\u003e presents a very well structured, research-based and informative guide to operational risk management. This excellent book covers every key topic, from embedding risk culture to conducting scenario analysis. A remarkably rewarding source for practitioners.\" * Elena Pykhova, Director and Founder, The OpRisk Company *\u003cbr\u003e\"It is becoming more and more clear that operational risk models are of limited use, while taking behavioural elements into account in risk culture, governance etc. is of tremendous importance. This book sets absolutely the right focus - and numerous case studies confirm that Simon is not just a seasoned academic, but very familiar with the important details of practical implementation as well. Really worthwhile reading!\" * Prof. Dr. Thomas Kaiser, Professor Kaiser Risk Management Consulting \u0026amp; Goethe University *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cul\u003e\u003cli\u003e\u003cul\u003e\n\u003cli\u003eChapter - 01: Understanding operational risk - Key concepts and management objectives;\u003c\/li\u003e\n\u003cli\u003eChapter - 02: Embedding operational risk management;\u003c\/li\u003e\n\u003cli\u003eChapter - 03: Categorizing operational risks;\u003c\/li\u003e\n\u003cli\u003eChapter - 04: Risk culture;\u003c\/li\u003e\n\u003cli\u003eChapter - 05: Risk appetite;\u003c\/li\u003e\n\u003cli\u003eChapter - 06: Operational risk governance;\u003c\/li\u003e\n\u003cli\u003eChapter - 07: Risk and control self-assessments;\u003c\/li\u003e\n\u003cli\u003eChapter - 08: Operational loss events;\u003c\/li\u003e\n\u003cli\u003eChapter - 09: Operational risk indicators;\u003c\/li\u003e\n\u003cli\u003eChapter - 10: Scenario analysis and stress testing;\u003c\/li\u003e\n\u003cli\u003eChapter - 11: Organizational resilience;\u003c\/li\u003e\n\u003cli\u003eChapter - 12: Regulating operational risk\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/li\u003e\u003c\/ul\u003e","brand":"Kogan Page Ltd","offers":[{"title":"Default Title","offer_id":48866638823767,"sku":"9781398605022","price":42.74,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781398605022.jpg?v=1722279588"},{"product_id":"the-precipice-a-book-that-seems-made-for-the-present-moment-new-yorker-9781526600233","title":"The Precipice: ‘A book that seems made for the","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eWhat existential threats does humanity face? And how can we secure our future?\u003c\/b\u003e \u003cb\u003e ‘\u003c\/b\u003e\u003cb\u003e\u003ci\u003eThe Precipice \u003c\/i\u003eis a powerful book . . . Ord’s love for humanity and hope for its future is infectious\u003c\/b\u003e\u003cb\u003e’ \u003c\/b\u003e\u003ci\u003eSpectator\u003c\/i\u003e\u003cb\u003e ‘Ord’s analysis of the science is exemplary . . . Thrillingly written’ \u003c\/b\u003e\u003ci\u003eSunday Times\u003c\/i\u003e  We live during the most important era of human history. In the twentieth century, we developed the means to destroy ourselves – without developing the moral framework to ensure we won't. This is \u003cb\u003ethe Precipice\u003c\/b\u003e, and how we respond to it will be the most crucial decision of our time.  Oxford moral philosopher Toby Ord explores the risks to humanity's future, from the familiar man-made threats of climate change and nuclear war, to the potentially greater, more unfamiliar threats from engineered pandemics and advanced artificial intelligence.  With clear and rigorous thinking, Ord calculates the various risk levels, and shows how our own time fits within the larger story of human history. We can say with certainty that the novel coronavirus does not pose such a risk. But could the next pandemic? And what can we do, in our present moment, to face the risks head on?  A major work that brings together the disciplines of physics, biology, earth and computer science, history, anthropology, statistics, international relations, political science and moral philosophy, \u003ci\u003eThe Precipice \u003c\/i\u003eis a call for a new understanding of our age: a major reorientation in the way we see the world, our history, and the role we play in it.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eToby Ord is today’s Carl Sagan. Clear and inspiring, this book leaves us hopeful for a flourishing human future -- Christine Peterson, co-founder of the Foresight Institute\u003cbr\u003eA powerfully argued book that alerts us to what is perhaps the most important – and yet also most neglected – problem we will ever face -- Peter Singer, author of 'Animal Liberation' and 'The Life You Can Save'\u003cbr\u003e\u003ci\u003eThe Precipice\u003c\/i\u003e separates science from hype and will remain the definitive work on existential risk for a long time to come -- Max Tegmark, author of 'Life 3.0' and 'Our Mathematical Universe'\u003cbr\u003eA fascinating and persuasive guide to the most important topic of all: how our species will survive the risks we pose to our continued existence -- Stuart Russell, author of 'Human Compatible' and 'Artificial Intelligence: A Modern Approach'\u003cbr\u003eThis book is a wake-up call to the existential threats of nuclear and biological weapons and the urgent need for action. A must-read that galvanises us to play a role in addressing these risks -- Angela Kane, former UN High Representative for Disarmament Affairs\u003cbr\u003eHumanity has never been more vulnerable – there’s now a one-in-six chance that civilisation won’t make it to the end of the century, argues a highly influential philosopher . . . Ord’s analysis of the science is exemplary . . . Thrillingly written * Sunday Times *\u003cbr\u003eMany people have recently found that they want to read books offering the grandest perspectives possible on human existence, such as \u003ci\u003eSapiens\u003c\/i\u003e . . . Toby Ord’s new book is a startling and rigorous contribution to this genre that deserves to be just as widely read * Evening Standard *\u003cbr\u003eSplendid . . . \u003ci\u003eThe Precipice \u003c\/i\u003eis a powerful book, written with a philosopher’s eye . . . Ord’s love for humanity and hope for its future is infectious * Spectator *\u003cbr\u003eUrgent and vaguely prophetic . . . In a year in which our everyday lives were upended by the unexpected (or rather the expected yet neglected), \u003ci\u003eThe Precipice \u003c\/i\u003eis a good way to put everything in perspective -- Books of the Year * WIRED *\u003cbr\u003e\u003ci\u003eThe Precipice\u003c\/i\u003e is a fascinating book, one that showcases both the knowledge of its author and his humanity * Axios *\u003cbr\u003eA book that seems made for the present moment * New Yorker *\u003cbr\u003eA story of the greatest risks to humanity’s future, from the climate crisis and nuclear war to pandemics and artificial intelligence -- Highlights for 2020 * Guardian *","brand":"Bloomsbury Publishing PLC","offers":[{"title":"Default Title","offer_id":48867472245079,"sku":"9781526600233","price":12.34,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781526600233.jpg?v=1722283439"},{"product_id":"hbrs-10-must-reads-on-managing-risk-with-bonus-article-managing-21st-century-political-risk-by-condoleezza-rice-and-amy-zegart-with-bonus-article-managing-21st-century-political-risk-by-condoleezza-rice-and-amy-zegart-9781633698864","title":"HBR's 10 Must Reads on Managing Risk (with bonus","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eIs your business playing it safe—or taking the right risks?\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eIf you read nothing else on managing risk, read these 10 articles. We've combed through hundreds of \u003cb\u003eHarvard Business Review\u003c\/b\u003e articles and selected the most important ones to help your company make smart decisions and thrive, even when the future is unclear.\u003c\/p\u003e\u003cp\u003eThis book will inspire you to:\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eAvoid the most common errors in risk management\u003c\/li\u003e\n\u003cli\u003eUnderstand the three distinct categories of risk and tailor your risk-management processes accordingly\u003c\/li\u003e\n\u003cli\u003eEmbrace uncertainty as a key element of breakthrough innovation\u003c\/li\u003e\n\u003cli\u003eAdopt best practices for mitigating political threats\u003c\/li\u003e\n\u003cli\u003eUpgrade your organization's forecasting capabilities to gain a competitive edge\u003c\/li\u003e\n\u003cli\u003eDetect and neutralize cyberattacks originating inside your company\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eThis collection of articles includes \"Managing Risks: A New Framework,\" by Robert S. Kaplan and Anette Mikes; \"How to Build Risk into Your Business Model,\" by Karan Girotra and Serguei Netessine; \"The Six Mistakes Executives Make in Risk Management,\" by Nassim N. Taleb, Daniel G. Goldstein, and Mark W. Spitznagel; \"From Superstorms to Factory Fires: Managing Unpredictable Supply-Chain Disruptions,\" by David Simchi-Levi, William Schmidt, and Yehua Wei; \"Is It Real? Can We Win? Is It Worth Doing?: Managing Risk and Reward in an Innovation Portfolio,\" by George S. Day; “Superforecasting: How to Upgrade Your Company's Judgment,\" by Paul J. H. Schoemaker and Philip E. Tetlock; \"Managing 21st-Century Political Risk,\" by Condoleezza Rice and Amy Zegart; \"How to Scandal-Proof Your Company,\" by Paul Healy and George Serafeim; \"Beating the Odds When You Launch a New Venture,\" by Clark Gilbert and Matthew Eyring; \"The Danger from Within,\" by David M. Upton and Sadie Creese; and \"Future-Proof Your Climate Strategy,\" by Joseph E. Aldy and Gianfranco Gianfrate.\u003c\/p\u003e","brand":"Harvard Business Review Press","offers":[{"title":"Default Title","offer_id":48867866706263,"sku":"9781633698864","price":16.14,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781633698864.jpg?v=1722285341"},{"product_id":"oops-why-things-go-wrong-understanding-and-controlling-error-9781739789268","title":"Oops! Why Things Go Wrong: Understanding and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn this ground-breaking book, Niall Downey – a cardio-thoracic surgeon who retrained to become a commercial airline pilot – uses his expertise in medicine and aviation to explore the critical issue of managing human error. With further examples from business, politics, sport, technology, the civil service and other fields, Downey makes a powerful case that by following some clear guidelines any organisation can greatly reduce the incidence and impact of human error.\u003cbr\u003e\u003cbr\u003eWhile acknowledging that in our fast-paced world getting things wrong is impossible to avoid completely, Downey offers a strategy based on current best practice that can make a massive difference. He concludes with an easy to use, aviation-style Safety Management System that can be hugely helpful in avoiding preventable catastrophes in organizations of all kinds.\u003cbr\u003e\u003cbr\u003eAn acknowledged expert in error management, Niall Downey advises governments, major corporations and the health industry on how to develop a systemic approach to controlling for human imperfection. Arguing that prevention is far preferable to denying responsibility after the fact, he gave an influential TEDx talk outlining how healthcare could use aviation's experience to reduce tragic outcomes and improve patient safety.\u003cbr\u003e\u003cbr\u003eOops! Why Things Go Wrong seeks to understand and navigate error. It shows how we have become particularly vulnerable to blunders due to new technologies and today’s pressurised work environments. But it also shows how we can fight back against our own inherent fallibility to live in a safer and less error-strewn world.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eChapter 1. Come Fly with Me! Chapter 2. It’s Not Your Fault! Chapter 3. A Good Sport. Chapter 4. Blues and Twos. Chapter 5. Where There’s Muck, There’s Money. Chapter 6. Your Good Health! Chapter 7. Political Science..? Chapter 8. “Move Fast and Break Things” – Will We Ever Learn? Chapter 9. Are We Ready to Accept Error Yet or Is That Fake News..? Chapter 10. Tripwires and Safety Nets.","brand":"The Liffey Press","offers":[{"title":"Default Title","offer_id":48868127211863,"sku":"9781739789268","price":21.8,"currency_code":"GBP","in_stock":true}]},{"product_id":"mastering-risk-management-a-practical-guide-to-understanding-and-managing-risk-9781292331317","title":"Mastering Risk Management A practical guide to","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cdiv\u003e  \u003cb\u003e\u003c\/b\u003e  \u003cp\u003e\u003cb\u003eTony Blunden \u003c\/b\u003eis an Executive Director of Chase Cooper Limited, a risk management solutions company that provides solutions for enterprise risk including broad risk management approaches such as Sarbanes-Oxley.  He heads its consultancy division and has worked with over 250 international organisations.  During his over 30 years in risk management he has spoken at over 100 international conferences and contributed to a wide variety of publications, all on risk management. He is an Honorary Professor at Glasgow Caledonian University and a Fellow of the Institute of Chartered Secretaries and Administrators, the Governance Institute.\u003c\/p\u003e \u003c\/div\u003e \u003cdiv\u003e  \u003cbr\u003e \u003c\/div\u003e \u003cdiv\u003e  \u003cb\u003e\u003c\/b\u003e  \u003cp\u003e\u003cb\u003eJohn Thirlwell \u003c\/b\u003ehas worked in financial services in the City of London, both an executive and non-executive director on banking and insurance boards for over 30 years.  He is currently non-executive Chair of the Board of a consumer credit company and a board adviser \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cb\u003ePart 1: SETTING THE SCENE: what is Risk management?\u003c\/b\u003e    1.   What do we mean by Risk Management?    2.   The business Benefits of Risk Management    3.   Risk Management and Culture    4.   Risk Appetite    5.   Implementing a Risk management framework    6.   Independent Assurance    \u003cbr\u003e    \u003cb\u003ePart 2 RISK MANAGEMENT TOOLS: what tools do we have to identify, manage and monitor Risk management?\u003c\/b\u003e    7.   Risk management and Risk and Control Assessments    8.   Risk management and KRI\/KCI    9.   Risk management and Events    10.   Risk management, Stress testing and Scenarios    11.   Risk management and Reporting    \u003cbr\u003e    \u003cb\u003ePart 3: THE PRACTICAL BUSINESS SIDE OF Risk management: what keeps management awake at night?\u003c\/b\u003e    12.   People risk management    13.   Reputation risk management    14.   Information Security risk management [all data]    15.   Cyber risk management [electronic data]    16.   Business Survival risk    17.   Third party and outsourcing risk management    18.   How do you model Risk management? - Questions to ask    19.   How do you challenge the model? - Questions to ask\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Pearson Education Limited","offers":[{"title":"Default Title","offer_id":48885366096215,"sku":"9781292331317","price":63.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781292331317.jpg?v=1722536087"},{"product_id":"blockchain-for-hospitality-and-tourism-9781484296356","title":"Blockchain for Hospitality and Tourism","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eLearn blockchain in a simple, non-tech way and explore the different emerging technologies that open a world of opportunities in the space of tourism and hospitality. This book showcases examples of blockchain-based solutions implemented in different industries and connects them to use cases in hospitality and tourism (disintermediation, payments, loyalty programs, supply chain management, identity management etc.).Blockchain is one of the disruptive technologies that lays foundations for Web3.0, NFTs, Metaverse and other innovations. Despite many benefits, its adoption in the hospitality industry is very slow. Lack of awareness and connection to clear return-on-investment, coupled with many misconceptions and general perception of complexity is one of the main reasons why hospitality managers are reluctant to embark on the blockchain train.   Blockchain for Hospitality and Tourism serves as a practical guide to the world of innovations, from the basics of blockchain to how to start a \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eChapter 1: Introduction         \u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003eChapter goal: Intro to the topic of blockchain – why blockchain is a game-changer, what you’ll learn, why is it important to learn about emerging tech\u003c\/p\u003e  \u003cp\u003e·       Blockchain potential \u003c\/p\u003e  \u003cp\u003e·       Hospitality and Tourism challenges and trends and the correlation with new tech \u003c\/p\u003e  \u003cp\u003e·       Challenges with innovation adoption in the hospitality industry  \u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 2: Demystifying Blockchain \u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003eChapter goal: explain – in non-tech way with visualizations – what blockchain is and how it works \u003c\/p\u003e  \u003cp\u003e·       What is Blockchain\u003c\/p\u003e  \u003cp\u003e·       Blockchain characteristics \u003c\/p\u003e  ·       Smart Contracts \u003cp\u003e\u003c\/p\u003e  \u003cp\u003e·       Blockchain ecosystem – platforms with capabilities\u003c\/p\u003e  \u003cp\u003e·       Foundational role of blockchain as an enabler for other innovation\u003c\/p\u003e  \u003cp\u003eo   Cryptopayments, stablecoins and CBDCs\u003c\/p\u003e  \u003cp\u003eo   NFTs\u003c\/p\u003e  \u003cp\u003eo   Web3.0\u003c\/p\u003e  o   Metaverse\u003cp\u003e\u003c\/p\u003e  \u003cp\u003eo   Industrial Revolution 4.0\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 3: Blockchain applications \u003c\/b\u003e\u003c\/p\u003e  Chapter goal: explain how blockchain is utilized in different industries today with real-life examples \u003cp\u003e\u003c\/p\u003e  \u003cp\u003e·       Banking \u0026amp; Insurance \u003c\/p\u003e  \u003cp\u003e·       Healthcare \u003c\/p\u003e  \u003cp\u003e·       Public sector\/Government services \u003c\/p\u003e  \u003cp\u003e·       Supply chain management etc. \u003c\/p\u003e   \u003cp\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 4: Use cases for Hospitality \u0026amp; Tourism \u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003eChapter goal: showcase solutions that have been implemented in different geographies, trends, and directions \u003c\/p\u003e  ·       Identity Management\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e·       Customer loyalty programs – NFTs and blockchain-based platforms \u003c\/p\u003e  \u003cp\u003e·       Smart contracts and supply chain management\u003c\/p\u003e  \u003cp\u003eo   Food security and provenance tracking \u003c\/p\u003e  \u003cp\u003eo   Preventive maintenance and Smart Hotel applications \u003c\/p\u003e  \u003cp\u003eo   Sustainability \u003c\/p\u003e  ·       New distribution methods and disintermediation \u003cp\u003e\u003c\/p\u003e  \u003cp\u003e·       Payments acceptance \u003c\/p\u003e  \u003cp\u003e·       Guest preferences and personalization \u003c\/p\u003e  ·       Digitization of assets \u003cp\u003e\u003c\/p\u003e  \u003cp\u003e·       NFTs \u003c\/p\u003e  \u003cp\u003e·       Metaverse opportunities – digital twins, virtual floor plan walkthroughs, virtual trainings, marketing etc. \u003c\/p\u003e   \u003cp\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 5: Risks and Challenges \u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003eChapter goal: Discuss blockchain maturity and adoption, interoperability, and state of regulations; address concerns around trust, fraud etc. \u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 6: Blockchain projects – how to start\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003eChapter goal: a walkthrough of the most important steps and decisions\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e","brand":"APress","offers":[{"title":"Default Title","offer_id":48885833957719,"sku":"9781484296356","price":29.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781484296356.jpg?v=1722537862"},{"product_id":"information-assurance-and-risk-management-strategies-9781484297414","title":"Information Assurance and Risk Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eLearn how to deploy information assurance risk management strategies that align with the National Institute of Standards and Technology's recommendations. This book will show you how to implement information assurance risk management strategies within your organization.Aimed at system administrators and cybersecurity practitioners, author Bradley Fowler first walks you through how to assess known risks in your organization, understand why using a risk mitigation security strategy control profile is essential, and how to create one for your organization. You will then learn how to develop a risk factor table, outlining descriptions for each risk factor within your organization and which software applications you'll need to rely on for daily business communication and operations. You will also see how to assess and categorize the level of risk within each technology tool, as well as the impact of an information security breach on the organization.As you progress through the book, you'll \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e","brand":"APress","offers":[{"title":"Default Title","offer_id":48885834678615,"sku":"9781484297414","price":37.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781484297414.jpg?v=1722537867"},{"product_id":"reforming-risk-in-financial-markets-9781606924457","title":"Reforming Risk in Financial Markets","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"Nova Science Publishers Inc","offers":[{"title":"Default Title","offer_id":48886693658967,"sku":"9781606924457","price":73.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781606924457.jpg?v=1722541209"},{"product_id":"scuba-diving-operational-risk-management-9781909455504","title":"Scuba Diving Operational Risk Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eDive smarter - reduce uncertainty. The book that looks at diving risk management the SAS way. Includes a toolkit of ready-reckoners and downloadable templates.","brand":"Dived Up Publications","offers":[{"title":"Default Title","offer_id":48888470176087,"sku":"9781909455504","price":999.99,"currency_code":"GBP","in_stock":false}]},{"product_id":"a-history-of-dangerous-assumptions-9781913491895","title":"A History of Dangerous Assumptions","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA History of Dangerous Assumptions features over two hundred illuminating and intriguing case-studies of this fascinating subject, including some of the most disastrous assumptions ever foisted upon the human race.  This book began as an experiment, to discover if acting on assumptions could be discerned through the ages. In fact, this matter of assuming… of jumping to conclusions… of lacking sufficient evidence… of taking things for granted… seems to have caused far more problems for civilisation than expected. From Hannibal’s crossing of the Alps, to Bonaparte’s march on Moscow; from the hubris of Icarus and Phaeton, to the toppling towers of the Tay Bridge; from the maddening phantoms of a Northwest Passage, to the sinking of the Titanic; from the Schlieffen Plan of the First World War, to the creation of assumptions in the approach to D-Day; from Jean-Jacques Rousseau to Sherlock Holmes, here lies a highly contrasted trove of stories, episodes and anecdotes, their common link the mysterious mischief of assumption.","brand":"Unicorn Publishing Group","offers":[{"title":"Default Title","offer_id":48888617304407,"sku":"9781913491895","price":17.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781913491895.jpg?v=1722550283"},{"product_id":"accidents-and-disasters-lessons-from-air-crashes-and-pandemics-9789811999833","title":"Accidents and Disasters: Lessons from Air Crashes","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book deals with the contemporary subject of perception of risk and its influence on accidents and disasters. The contents examine the conventional viewpoints on human errors, incubation of errors, complexity and organisational deviance as a cause for accidents. Work of Mary Douglas with regard to risk, Charles Perrow's work on the normal accident theory and Diane Vaughan's theory on normalisation of deviance are examined from a fresh perspective in this book. It also discusses prominent accidents in aviation, space, nuclear energy, automotive and healthcare, using the pandemic and Boeing 737 Max as a backdrop to study accidents and disasters. It further explores the background and similarities to these events and addresses the core issues such as the state of regulation, the worldview of the sociologists, and proposes that mental models of complex systems, avarice and risk for gain as other possibilities for accidents. Using the concept of nudge in behavioural economics and the Elinor Ostrom’s viewpoint on regulating for common good, it suggests a way forward through the High Reliability Organisation Theory (HRO) leading to enhanced risk perception. The book will be of interest to those who would like to understand the need to incorporate risk perception into regulation, engineers and scientists, professionals and policy makers working in the areas of disaster and risk management, technology areas like aviation, nuclear plants, space and healthcare, students of the sociology of risk and of course the general reader.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction.- Incidents, Accidents and Unmitigated Disasters.- Learning from Failures – Evolution of Risk and Safety Regulation.- Keep it Simple but Not Stupid - Complex Technology and Complex Organisations.- Are Failures Stepping Stones to More Failures - The Sociology of Danger and Risk.- To Err is Human – What exactly is Human Error?.- What I Do Not Know Will Hurt Me - Mental Models and Risk Perception.- Is Greed Really that Good - Avarice and Gain versus Risk and Blame.- And There is Dr. Kato: How Does it Look and Where Do We Go from Here?.","brand":"Springer Verlag, Singapore","offers":[{"title":"Default Title","offer_id":48890194854231,"sku":"9789811999833","price":26.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9789811999833.jpg?v=1722557897"},{"product_id":"risk-revealed-9781009299800","title":"Risk Revealed","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eExplore the understanding and statistical modeling of risk with this accessible book that requires only a basic background in mathematics. The authors discuss several major disasters, before introducing the mathematical tools required to analyze them. Even the more technical discussions are interspersed with historical comments and many examples.","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":49083793015127,"sku":"9781009299800","price":75.99,"currency_code":"GBP","in_stock":true}]},{"product_id":"risk-revealed-9781009299817","title":"Risk Revealed","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eExplore the understanding and statistical modeling of risk with this accessible book that requires only a basic background in mathematics. The authors discuss several major disasters, before introducing the mathematical tools required to analyze them. Even the more technical discussions are interspersed with historical comments and many examples.","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":49083793146199,"sku":"9781009299817","price":33.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781009299817.jpg?v=1725550040"},{"product_id":"the-international-handbook-of-public-financial-management-9781137574893","title":"The International Handbook of Public Financial","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIntroduction\u003cbr\u003ePART I: THE INSTITUTIONAL AND LEGAL FRAMEWORK \u003cbr\u003eThe Macroeconomic Framework for Managing Public Finances in a Global Environment\u003cbr\u003eFiscal Rules and Public Financial Management\u003cbr\u003eThe Legal Framework for Public Finances and Budget Systems\u003cbr\u003ePolitical Economy Aspects of Managing Public Finances\u003cbr\u003eRole, Responsibilities and Structure of Central Finance Agencies\u003cbr\u003eRole of the Legislature in Budget Processes\u003cbr\u003eStrengthening Performance in Public Financial Management\u003cbr\u003ePART II: ALLOCATION OF RESOURCES \u003cbr\u003eThe Coverage and Classification of the Budget\u003cbr\u003ePolicy Formulation and the Budget Process\u003cbr\u003eMedium-term Fiscal and Expenditure Frameworks\u003cbr\u003eManaging for Results and Performance Budgeting \u003cbr\u003eFiscal Federalism and Intergovernmental Financial Relations\u003cbr\u003ePART III: MANAGING BUDGET EXECUTION\u003cbr\u003eThe Budget Execution Cycle \u003cbr\u003ePublic Procurement\u003cbr\u003eManaging Government Payroll\u003cbr\u003eThe Treasury Function and Treasury Single Accounts\u003cbr\u003eInternal Control and Internal Audit\u003cb\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThe Handbook is a welcome addition to the literature on public finance, not least because it draws on multiple disciplines in the social sciences to provide a rigorous and up-to-date analysis of all facets of this important subject. As such it will surely prove to be an invaluable resource for both academics and practitioners of public finance.'\u003cbr\u003eEMMANUEL TUMUSIIME-MUTEBILE, Governor of the Bank of Uganda \u003cbr\u003e\u003cbr\u003e'This Handbook brings together an extraordinary array of public financial management experts and their collective experience to provide a comprehensive repository of cutting-edge knowledge. It is a must read for students and practitioners especially after the global financial and Eurozone crises have rudely awakened the world to the importance of the linkages between public financial and macro-fiscal management and their influence on constructing rules and institutions that can be implemented in specific political economy contexts.'\u003cbr\u003eSANJAY PRADHAN, Vice President, World Bank Institute\u003cbr\u003e\u003cbr\u003eThis extremely comprehensive and well-researched volume covers topics of tremendously broad and practical interest, written by many of the world's leading experts on these subjects. I know of no other collection that comes anywhere close to addressing the whole of international financial management, from initial budget planning through adoption, execution, and evaluation. This book represents an invaluable contribution to the field, and will benefit students and government officials alike.\u003cbr\u003ePHILIP JOYCE, University of Maryland School of Public Policy and Editor, Public Budgeting \u0026amp; Finance \u003cbr\u003e  \u003cbr\u003eThe field of Public Financial Management has grown in sophistication and complexity over recent decades. This volume brings some of the most important topics together in thought-provoking ways. It blends technical, political and managerial perspectives in a manner that fosters honest discussion about the subject. The message it sends is clear. There is a lot to discuss, and there are many perspectives.\u003cbr\u003e\u003cbr\u003eMATT ANDREWS, Harvard Kennedy School\u003cbr\u003e\u003cbr\u003e'By providing a fresh perspective not only on the bread and butter of public financial management, but also on innovative themes, the Handbook is a valuable and comprehensive guide to the field, and sure to become a first reference for the practitioner and student.'\u003cbr\u003eNEIL COLE, Collaborative African Budget Reform Initiative, CABRI\u003cbr\u003e\u003cbr\u003e'This is a virtual encyclopedia of public financial management, covering all aspects of the budget cycle. I am confident the volume will become a standard reference in this critically important field.'\u003cbr\u003eJON BLONDAL, Organization for Economic Cooperation and Development, OECD\u003cbr\u003e\u003cbr\u003e'Improving our understanding of public financial management is crucial as nations seek to correct fiscal imbalances stemming from the global economic and financial crisis. An important contribution of this Handbook is in emphasizing the importance of collaborative approaches to reform, bringing together knowledge from economics, public finance, political science, law, organizational development, computer science and human resource management.'\u003cbr\u003eCLAY WESTCOTT, Senior Editor, International Public Management Review\u003cbr\u003e\u003cbr\u003e'This is an important Handbook that provides a very practical 'how to' guide to all aspects of public financial management that are now taken to constitute best practice. It should be of interest to practitioners in governments and policy-related institutes around the world. The volume also contains new perspectives on the political economy of institutional change. Some of the chapters would thus be of interest to researchers working in the relatively new area of institutional change and governance, or why certain prescriptions or best practices so often fail, despite the high quality advice that is now available.'\u003cbr\u003eEHTISHAM AHMAD, London School of Economics and Political Science and University of Bonn \u003cbr\u003e\u003cbr\u003e'Public financial management reform takes time, is complex and has to consider the local environment, including key political economy factors. This volume, written and edited by some of the world's leading experts on the subject, will be indispensible for all those involved with such challenges.'\u003cbr\u003eANDY WYNNE, Editor, International Journal of Governmental Financial Management \u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction\u003cbr\u003ePART I: THE INSTITUTIONAL AND LEGAL FRAMEWORK \u003cbr\u003eThe Macroeconomic Framework for Managing Public Finances in a Global Environment\u003cbr\u003eFiscal Rules and Public Financial Management\u003cbr\u003eThe Legal Framework for Public Finances and Budget Systems\u003cbr\u003ePolitical Economy Aspects of Managing Public Finances\u003cbr\u003eRole, Responsibilities and Structure of Central Finance Agencies\u003cbr\u003eRole of the Legislature in Budget Processes\u003cbr\u003eStrengthening Performance in Public Financial Management\u003cbr\u003ePART II: ALLOCATION OF RESOURCES \u003cbr\u003eThe Coverage and Classification of the Budget\u003cbr\u003ePolicy Formulation and the Budget Process\u003cbr\u003eMedium-term Fiscal and Expenditure Frameworks\u003cbr\u003eManaging for Results and Performance Budgeting \u003cbr\u003eFiscal Federalism and Intergovernmental Financial Relations\u003cbr\u003ePART III: MANAGING BUDGET EXECUTION\u003cbr\u003eThe Budget Execution Cycle \u003cbr\u003ePublic Procurement\u003cbr\u003eManaging Government Payroll\u003cbr\u003eThe Treasury Function and Treasury Single Accounts\u003cbr\u003eInternal Control and Internal Audit \u003cbr\u003eManaging Extra-budgetary Funds\u003cbr\u003ePART IV: MANAGING GOVERNMENT REVENUES\u003cbr\u003eTax Design from a Fiscal Management Perspective\u003cbr\u003eRevenue Forecasting \u003cbr\u003eEfficient Revenue Administration \u003cbr\u003eCustoms Administration \u003cbr\u003eUser Charges and Earmarking\u003cbr\u003eManaging Natural Resource Revenues \u003cbr\u003eManaging External Aid \u003cbr\u003ePART V: LIABILITY AND ASSET MANAGEMENT\u003cbr\u003eGovernment Balance Sheets\u003cbr\u003ePublic Investment Management and PPPs\u003cbr\u003eManaging Fiscal Risks\u003cbr\u003eSovereign Wealth Funds\u003cbr\u003eLong-term Obligations and Generational Accounting\u003cbr\u003eCash Management and Debt Management\u003cbr\u003eManaging State-owned Enterprises \u003cbr\u003ePART VII: ACCOUNTING, REPORTING AND OVERSIGHT OF PUBLIC FINANCES\u003cbr\u003eStrengthening Fiscal Transparency \u003cbr\u003eGovernment Accounting Standards and Policies \u003cbr\u003eGovernment Financial Reporting Standards and Practices \u003cbr\u003eFinancial Management Information Systems \u003cbr\u003eExternal Audit \u003cbr\u003eRole of Independent Fiscal Agencies\u003cbr\u003eAbout the Editors and Contributors\u003cbr\u003eGlossary \u003cbr\u003eReferences\u003cbr\u003eIndex \u003cbr\u003e\u003c\/b\u003e","brand":"Palgrave Macmillan","offers":[{"title":"Default Title","offer_id":49083842527575,"sku":"9781137574893","price":143.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781137574893.jpg?v=1725550193"},{"product_id":"green-finance-instruments-fintech-and-investment-strategies-9783031290336","title":"Green Finance Instruments FinTech and Investment","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn the COVID 19 post-pandemic era, sustainable financial systems are increasingly getting the attention they deserve, and policymakers are now moving toward investment and financing decisions based on sustainable development.","brand":"Springer International Publishing AG","offers":[{"title":"Default Title","offer_id":49084755181911,"sku":"9783031290336","price":52.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783031290336.jpg?v=1725553237"},{"product_id":"supply-chain-analytics-9783031303494","title":"Supply Chain Analytics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis textbook offers a detailed account of analytical models used to solve complex supply chain problems. This framework illustrates the complete supply chain for a product and demonstrates the supply chain's exposure to demand, supply, inventory, and financial risks.","brand":"Springer International Publishing AG","offers":[{"title":"Default Title","offer_id":49084755607895,"sku":"9783031303494","price":71.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783031303494.jpg?v=1725553236"},{"product_id":"business-continuity-management-9781398614871","title":"Business Continuity Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eJames Crask \u003c\/b\u003eis Managing Director of Strategic Risk Consulting for Marsh, working with clients to deliver resilience and business continuity solutions. He also chairs the International Standards Committee responsible for all global Business Continuity and Organisational Resilience ISO Standards, including ISO 22301:2019. He previously worked for PwC where he was responsible for building the UK firm's business resilience advisory services and has held roles for the Nuclear Decommissioning Authority and for the BBC. He is based in London.","brand":"Kogan Page","offers":[{"title":"Default Title","offer_id":49371859485015,"sku":"9781398614871","price":40.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781398614871.jpg?v=1730154835"},{"product_id":"global-business-analysis-understanding-the-role-of-systemic-risk-in-international-business-9783031277689","title":"Global Business Analysis: Understanding the Role","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eOne of the core functions of any successful business is the ability to manage and adapt to risk. In a global environment characterised by complexity, it is vital to be able to understand where risk lies and how it impacts upon business.\u003c\/p\u003e\u003cp\u003eThis textbook presents a series of meta-level trends, including as geo-political risks, climate change, and technology, and explores how they are forming and reshaping the risk environment of business. Using a mix of micro and macro level analysis, students will be able to understand how seemingly random, global events, pose challenges for firms.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eRepresenting a bold sea-change in the study of international business, this book emphasises the practical elements that students will need to understand in order to succeed in the real world. Readers will not only learn how to understand and read risks in international markets, but they will also benefit from a tooklit to help them assess these processes. Ultimately, this textbook will furnish students with a full appreciation of the importance of risk in international systems.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eChapter 1:  The Nature of Risk in the International System\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003eThis chapter will seek to define the main concepts and frameworks to be utilised within this book.  The form and nature of risk will be explored as will the multi-scalar nature of the international system.  The chapter will offer initial explorations of the links between the two and outline the mains meta level risks\/trends to be addressed within the rest of the book. \u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 2: Globalising the Business Model\u003c\/b\u003e\u003c\/p\u003e  This chapter will introduce readers to the concept of the business model as well as exploring the nature of risk within them. In so doing, the chapter will outline how globality places adaptive tensions upon business models by reshaping the context through which risk impacts upon a firm’s value creating capabilities whether in terms of operations, markets, partners, etc. \u003cp\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 3: The State in the International System  \u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003eIB is based upon the operations of business between and within states. Thus on both a standalone basis - and as a result of interdependencies - an understanding of states as agents of change within the international system is needed. The chapter will assess the notions of how the state shapes and adapts to risk within the global system. The chapter will also look at different types of states and how risk tends to vary across them.\u003c\/p\u003e  \u003cb\u003eChapter 4:  Geo-economic Risks\u003c\/b\u003e\u003cp\u003e\u003c\/p\u003e  \u003cp\u003eThese are risks to business sourced from shifts or changes in the global economic system that have an impact that is International in nature . Such changes can be either random or emerge as a result of processes within the global economy. The chapter will address the main forms of macro-economic risks that have the potential to impact upon the sustainability of business. Thus the chapter will look at patterns of growth, trade, investment and so on and explore how trends in these indicators alter the opportunities\/risks faced by the global business system.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 5: Environmental Risks\u003c\/b\u003e\u003c\/p\u003e  This chapter will examine how long term changes in the natural environment are reshaping risks at the micro and macro level. This can be through naturally occurring events and processes that can impact upon international operations through disrupting supply chains etc. There is also the human sourced environment changes (such as climate change) and how policymakers and consumer concerns in this area is impacting (both negatively and positively) upon the operation of the international system.\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 6: Geopolitical risks\u003c\/b\u003e\u003c\/p\u003e  The ability of firms to operate across borders will in no small part be defined by the relationships between states. This matters to business as globally stretched supply chains are at risk of disruption should state relations decline. Consequently, geopolitics can have a large impact upon firm performance. This chapter will not only explore the broad consequence of geo-political risk for business but also examine the main geo-political processes currently at play within the global commercial system are shaping the risk environment for IB.\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 7: Societal Risks\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003eSocial risks have been emergent themes throughout the economic system shaped by a mix of factors such as changing demographics, inequality and immigration. This chapter in addressing these issues seeks to explore the main social tensions within the global system and how these are reshaping the effective operation of the international system. It will seek to assess the potential for instability from such processes as well as understanding the responses to such trends.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 8: Technological Risk\u003c\/b\u003e\u003c\/p\u003e  Businesses operate in shifting technological contexts has the potential to alter the risk context at both micro (for example commercial obsolescence) and macro (for example security) levels. The emergence of new technologies based on AI or the rise of additive manufacturing have the capability to reshape the form and nature of the international system and its operation. The chapter will identify the core themes in technological change and how such meta-trends are altering our understanding of IB. \u003cp\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 9: Infrastructural Risk\u003c\/b\u003e\u003c\/p\u003e  Activity at both macro and micro levels operates in a complex spatial system that depends upon multi-level (national, international, etc.) infrastructures to support activity across space especially with increasingly elongated, complex supply chains. This exposes both businesses and state to risks created by disruption (either natural or human) to economic infrastructures. This chapter will seek to explore these risks not just within man-made structures but also across the global commons and how these can shape the value creating capability of the system.\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eChapter 10:  International Business and Risk\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003eThis chapter will bring the analysis within the previous chapters together to develop a holistic perspective on risks within globalised business models. The chapter will seek to offer practical guidance in understanding how to assess risks within businesses that operate within increasingly complex international environments.\u003c\/p\u003e","brand":"Springer International Publishing AG","offers":[{"title":"Default Title","offer_id":49372690219351,"sku":"9783031277689","price":52.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783031277689.jpg?v=1730163821"},{"product_id":"risk-analysis-dam-safety-dam-security-and-critical-infrastructure-management-9780415620789","title":"Risk Analysis Dam Safety Dam Security and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eForeword, Prólogo, Organization\/Organización, Sponsors\/Patrocinadores, Session 1. Critical infrastructure management, Session 2. Risk analysis, Session 3. Dam safety, Session 4. Dam security","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":49402138820951,"sku":"9780415620789","price":175.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780415620789.jpg?v=1730479508"},{"product_id":"advances-in-safety-reliability-and-risk-management-9780415683791","title":"Advances in Safety Reliability and Risk","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cem\u003eAdvances in Safety, Reliability and Risk Management\u003c\/em\u003e contains the papers presented at the 20th European Safety and Reliability (ESREL 2011) annual conference in Troyes, France, in September 2011. The books covers a wide range of topics, including: Accident and Incident Investigation; Bayesian methods; Crisis and Emergency Management; Decision Making under Risk; Dynamic Reliability; Fault Diagnosis, Prognosis and System Health Management; Fault Tolerant Control and Systems; Human Factors and Human Reliability; Maintenance Modelling and Optimisation; Mathematical Methods in Reliability and Safety; Occupational Safety; Quantitative Risk Assessment; Reliability and Safety Data Collection and Analysis; Risk and Hazard Analysis; Risk Governance; Risk Management; Safety Culture and Risk Perception; Structural Reliability and Design Codes; System Reliability Analysis; Uncertainty and Sensitivity Analysis.\u003c\/p\u003e\u003cp\u003e\u003cem\u003eAdvances in Safety, Reliability and Risk Management\u003c\/em\u003e will be of \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface, Conference organization, Acknowledgements, Introduction, Thematic areas, Industrial sectors, Back Cover\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":49402144325975,"sku":"9780415683791","price":451.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780415683791.jpg?v=1730479523"},{"product_id":"surviving-and-thriving-in-uncertainty-9780470247884","title":"Surviving and Thriving in Uncertainty","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA new book to help senior executives and boards get smart about risk management The ability of businesses to survive and thrive often requires unconventional thinking and calculated risk taking. The key is to make the right decisions-even under the most risky, uncertain, and turbulent conditions.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"The authors propose a more holistic approach of \"risk intelligence,\" in which leaders acknowledge and prepare for a wide range of potential threats. The authors isolate ten essential risk intelligence skills-such as abandoning familiar assumptions, anticipating causes of failure, and sustaining operational discipline-and provide in-depth guidelines for how executives and board members can hone these skills. They understand that there is no reward without risk - but only if the risks are properly managed.\" (\u003ci\u003eBizEd\u003c\/i\u003e, July\/August 2010)\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eForeword xv\u003c\/p\u003e \u003cp\u003ePreface xix\u003c\/p\u003e \u003cp\u003eIntroduction xxi\u003c\/p\u003e \u003cp\u003eConventional Risk Management xxi\u003c\/p\u003e \u003cp\u003eA Risk Intelligent Approach xxii\u003c\/p\u003e \u003cp\u003eThe Approach of This Book xxiii\u003c\/p\u003e \u003cp\u003eThe Structure of This Book xxv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I \u003c\/b\u003e\u003cb\u003eWhen Risks Become Brutal Realities 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 \u003c\/b\u003e\u003cb\u003eTo Survive and Thrive: A Matter of Judgment 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Revolving Door to the Corner Office 4\u003c\/p\u003e \u003cp\u003eBarriers to Board Effectiveness 8\u003c\/p\u003e \u003cp\u003eThe Imperatives of the Enterprise 11\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 \u003c\/b\u003e\u003cb\u003eConventional Risk Management Has Failed 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Goes Up Must Come Down 19\u003c\/p\u003e \u003cp\u003eThe Evolution of Finance, Market, and Risk Management Theory 24\u003c\/p\u003e \u003cp\u003eTaking a (Random) Walk 26\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 \u003c\/b\u003e\u003cb\u003eAn Unconventional Approach to Risk Management 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCalculated Risk Taking Creates Value 35\u003c\/p\u003e \u003cp\u003eCalculated Risk Taking and Risk Aversion 44\u003c\/p\u003e \u003cp\u003eRisk Intelligence: An Unconventional Approach 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II \u003c\/b\u003e\u003cb\u003eTen Essential Risk Intelligence Skills 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 \u003c\/b\u003e\u003cb\u003eCheck Your Assumptions at the Door 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #1: Failing to Challenge Your Assumptions 55\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #1: Check Your Assumptions at the Door 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 \u003c\/b\u003e\u003cb\u003eMaintain Constant Vigilance 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #2: Lack of Vigilance 73\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #2: Maintain Constant Vigilance 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 \u003c\/b\u003e\u003cb\u003eFactor in Velocity and Momentum 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw # 3: Failure to Consider Velocity and Momentum 95\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #3: Factor in Velocity and Momentum 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 \u003c\/b\u003e\u003cb\u003eManage the Key Connections 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #4: Failure to Make Key Connections and Manage Complexity 112\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #4: Manage Your Key Connections 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 \u003c\/b\u003e\u003cb\u003eAnticipate Causes of Failure 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #5: Failure to Anticipate Failure 132\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #5: Anticipate Causes of Failure 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 \u003c\/b\u003e\u003cb\u003eVerify Sources and Corroborate Information 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #6: Failure to Verify Sources and Corroborate Information 150\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill # 6: Verify Sources and Corroborate Information 158\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 \u003c\/b\u003e\u003cb\u003eMaintain a Margin of Safety 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #7: Failing to Maintain a Margin of Safety 166\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #7: Maintain a Margin of Safety 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 \u003c\/b\u003e\u003cb\u003eSet Your Enterprise Time Horizons 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #8: Short-Termism 184\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #8: Set Your Enterprise Time Horizons 190\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 \u003c\/b\u003e\u003cb\u003eTake Enough of the Right Risks 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #9: Failure to Take Enough of the Right Risks 204\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #9: Taking Enough of the Right Risks 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 \u003c\/b\u003e\u003cb\u003eSustain Operational Discipline 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase Example: The U.S. Submarine Force 220\u003c\/p\u003e \u003cp\u003eFatal Flaw #10: Lack of Operational Discipline 222\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #10: Develop and Sustain Operational Discipline 227\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III \u003c\/b\u003e\u003cb\u003eCreating the Risk Intelligent Enterprise 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 \u003c\/b\u003e\u003cb\u003eRisk Intelligence Is Free 237\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Closer Look at Costs 239\u003c\/p\u003e \u003cp\u003eThe Rewards of Risk Intelligence 253\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 \u003c\/b\u003e\u003cb\u003eRisk Intelligent Governance 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Risk Intelligent Board 258\u003c\/p\u003e \u003cp\u003eCommittees of the Board and Risk Intelligence 271\u003c\/p\u003e \u003cp\u003eWhere Does Risk Oversight End and Risk Management Begin? 277\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 \u003c\/b\u003e\u003cb\u003eRisk Intelligent Enterprise Management 281\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eERM and Risk Intelligence 282\u003c\/p\u003e \u003cp\u003eDeveloping Risk Intelligent Enterprise Management 284\u003c\/p\u003e \u003cp\u003eAct as One 287\u003c\/p\u003e \u003cp\u003eA New Way of Doing Business 291\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 \u003c\/b\u003e\u003cb\u003eThe Way Forward: Creating the Risk Intelligent Enterprise 293\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Benefits of Improved Risk Intelligence 294\u003c\/p\u003e \u003cp\u003eWhat’s Your Enterprise Risk IQ? 295\u003c\/p\u003e \u003cp\u003eMaking the Transformation 298\u003c\/p\u003e \u003cp\u003eConclusion 304\u003c\/p\u003e \u003cp\u003eNotes 307\u003c\/p\u003e \u003cp\u003eAbout the Authors 325\u003c\/p\u003e \u003cp\u003eIndex 327\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402308264279,"sku":"9780470247884","price":24.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470247884.jpg?v=1730480017"},{"product_id":"enterprise-risk-management-and-coso-9780470460658","title":"Enterprise Risk Management and COSO","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003ePraise for \u003ci\u003eEnterprise Risk Management and COSO:\u003c\/i\u003e\u003c\/b\u003e \u003cb\u003e\u003ci\u003eA Guide for Directors, Executives, and Practitioners\u003c\/i\u003e\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eEnterprise Risk Management and COSO\u003c\/i\u003e is a comprehensive reference book that presents core management of risk tools in a helpful and organized\u003cbr\u003e way. If you are an internal auditor who is interested in risk management, exploring this book is one of the best ways to gain an understanding of enterprise risk management issues.\u003cbr\u003e \u003ci\u003eNaly de Carvalho\u003c\/i\u003e, \u003ci\u003eFSA Times\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eThis book represents a unique guide on how to manage many of the critical components that constitute an organization''s corporate defense program.\u003cbr\u003e \u003cb\u003eSean Lyons\u003c\/b\u003e, Corporate Defense Management (CDM) professional\u003c\/p\u003e \u003cp\u003eThis book provides a comprehensive analysis of enterprise risk management and is invaluable to anyone working in the risk management arena. It provides excellent information regarding the COSO framework, control components, control environment, and q\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"\u003ci\u003eEnterprise Risk Management and COSO\u003c\/i\u003e, is a useful book for readers who are directly or indirectly involved in risk management. It is relevant for managers and practitioners alike as we constantly face a myriad of constraints to accomplish our work. In my opinion, the authors introduce topics in an innovative way that invites brainstorming and analytical thinking. \u003ci\u003eEnterprise Risk Management\u003c\/i\u003e is a comprehensive reference book that presents core management or risks in a helpful and organized way. If you are an internal auditor who is interested in risk management, exploring this book is one of the best ways to gain an understanding of enterprise risk management issues.\" (\u003ci\u003eFinancial Services Audit News\u003c\/i\u003e, April 2010)\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eAbout the Contributors.  \u003c\/p\u003e\u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003ePreface.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSECTION I ORGANIZATIONAL RISK MANAGEMENT.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 An Introduction to Risk.\u003c\/p\u003e \u003cp\u003eChapter 2 Key Tenets of Enterprise Risk Management.\u003c\/p\u003e \u003cp\u003eChapter 3 Mitigating Operational Risks Through Strategic Thinking.\u003c\/p\u003e \u003cp\u003eChapter 4 Mitigating Risk in Internal Investigations and Insurance Coverage.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSECTION II QUANTITATIVE RISK MANAGEMENT.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 5 Recognized Control Frameworks: COSO-IC and COSO-ERM.\u003c\/p\u003e \u003cp\u003eChapter 6 Other Control Frameworks.\u003c\/p\u003e \u003cp\u003eChapter 7 Qualitative Control Concepts.\u003c\/p\u003e \u003cp\u003eChapter 8 Quantitative Control Relationships.\u003c\/p\u003e \u003cp\u003eChapter 9 Excel Applications.\u003c\/p\u003e \u003cp\u003eChapter 10 Interdependent Systems.\u003c\/p\u003e \u003cp\u003eChapter 11 Documentation.\u003c\/p\u003e \u003cp\u003eChapter 12 The Process for Assessing Internal Control.\u003c\/p\u003e \u003cp\u003eChapter 13 Monitoring Internal Controls.\u003c\/p\u003e \u003cp\u003eChapter 14 Accounting Policies and Procedures.\u003c\/p\u003e \u003cp\u003eChapter 15 Business Process Applications.\u003c\/p\u003e \u003cp\u003eChapter 16 General and Infrastructure Systems.\u003c\/p\u003e \u003cp\u003eChapter 17 Trusted System Providers.\u003c\/p\u003e \u003cp\u003eChapter 18 Reporting on Internal Control.\u003c\/p\u003e \u003cp\u003eChapter 19 Review and Acceptance of Assessments.\u003c\/p\u003e \u003cp\u003eGlossary.\u003c\/p\u003e \u003cp\u003eAppendix: Internal Control Sections of the Sarbanes-Oxley Act.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402337460567,"sku":"9780470460658","price":72.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470460658.jpg?v=1730480106"},{"product_id":"risk-analysis-9780470517369","title":"Risk Analysis","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eEveryday we face decisions that carry an element of risk and uncertainty. The ability to analyze, predict, and prepare for the level of risk entailed by these decisions is, therefore, one of the most constant and vital skills needed for analysts, scientists and managers.  \u003cp\u003eRisk analysis can be defined as a systematic use of information to identify hazards, threats and opportunities, as well as their causes and consequences, and then express risk. In order to successfully develop such a systematic use of information, those analyzing the risk need to understand the fundamental concepts of risk analysis and be proficient in a variety of methods and techniques. \u003ci\u003eRisk Analysis\u003c\/i\u003e adopts a practical, predictive approach and guides the reader through a number of applications.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eRisk Analysis:\u003c\/b\u003e\u003c\/p\u003e \u003cul type=\"disc\"\u003e \u003cli\u003eProvides an accessible and concise guide to performing risk analysis in a wide variety of fields, with minimal prior knowledge required.\u003c\/li\u003e \u003cli\u003eAdopts a broad pe\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"This book provides accessible and concise guidance to the process of planning, execution and use of risk analysis in the context of risk management, with minimal prior knowledge required.\"(\u003ci\u003eJournal of Applied Statistics\u003c\/i\u003e, August 2009)  \u003cp\u003e\"The author has been successful in presenting the subject of risk analysis effectively. The reviewer would like to recommend this book to all those who would like to know about risk analysis and how it can be performed in practical situations.\" (\u003ci\u003eInternational Journal of Performability Engineering\u003c\/i\u003e, January 2009)\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cb\u003ePreface.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003ePart I: Theory and methods.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 What is a risk analysis?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Why risk analysis?.\u003c\/p\u003e \u003cp\u003e1.2 Risk management.\u003c\/p\u003e \u003cp\u003e1.2.1 Decision-making under uncertainty.\u003c\/p\u003e \u003cp\u003e1.3 Examples: decision situations.\u003c\/p\u003e \u003cp\u003e1.3.1 Risk analysis for a tunnel.\u003c\/p\u003e \u003cp\u003e1.3.2 Risk analysis for an offshore installation.\u003c\/p\u003e \u003cp\u003e1.3.3 Risk analysis related to a cash depot.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 What is risk?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Vulnerability.\u003c\/p\u003e \u003cp\u003e2.2 How to describe risk quantitatively.\u003c\/p\u003e \u003cp\u003e2.2.1 Description of risk in a financial context.\u003c\/p\u003e \u003cp\u003e2.2.2 Description of risk in a safety context.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 The risk analysis process: planning.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Problem definition.\u003c\/p\u003e \u003cp\u003e3.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e3.2.1 Checklist-based approach.\u003c\/p\u003e \u003cp\u003e3.2.2 Risk-based approach.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The risk analysis process: risk assessment.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Identification of initiating events.\u003c\/p\u003e \u003cp\u003e4.2 Cause analysis.\u003c\/p\u003e \u003cp\u003e4.3 Consequence analysis.\u003c\/p\u003e \u003cp\u003e4.4 Probabilities and uncertainties.\u003c\/p\u003e \u003cp\u003e4.5 Risk picture: Risk presentation.\u003c\/p\u003e \u003cp\u003e4.5.1 Sensitivity and robustness analyses.\u003c\/p\u003e \u003cp\u003e4.5.2 Risk evaluation.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 The risk analysis process: risk treatment.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Comparisons of alternatives.\u003c\/p\u003e \u003cp\u003e5.1.1 How to assess measures?\u003c\/p\u003e \u003cp\u003e5.2 Management review and judgement.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Risk analysis methods.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Coarse risk analysis.\u003c\/p\u003e \u003cp\u003e6.2 Job safety analysis.\u003c\/p\u003e \u003cp\u003e6.3 Failure modes and effects analysis.\u003c\/p\u003e \u003cp\u003e6.3.1 Strengths and weaknesses of an FMEA.\u003c\/p\u003e \u003cp\u003e6.4 Hazard and operability studies.\u003c\/p\u003e \u003cp\u003e6.5 SWIFT.\u003c\/p\u003e \u003cp\u003e6.6 Fault tree analysis.\u003c\/p\u003e \u003cp\u003e6.6.1 Qualitative analysis.\u003c\/p\u003e \u003cp\u003e6.6.2 Quantitative analysis.\u003c\/p\u003e \u003cp\u003e6.7 Event tree analysis.\u003c\/p\u003e \u003cp\u003e6.7.1 Barrier block diagrams.\u003c\/p\u003e \u003cp\u003e6.8 Bayesian networks.\u003c\/p\u003e \u003cp\u003e6.9 Monte Carlo simulation.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Examples of applications.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Safety measures for a road tunnel.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Planning.\u003c\/p\u003e \u003cp\u003e7.1.1 Problem definition.\u003c\/p\u003e \u003cp\u003e7.1.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e7.2 Risk assessment.\u003c\/p\u003e \u003cp\u003e7.2.1 Identification of initiating events.\u003c\/p\u003e \u003cp\u003e7.2.2 Cause analysis.\u003c\/p\u003e \u003cp\u003e7.2.3 Consequence analysis.\u003c\/p\u003e \u003cp\u003e7.2.4 Risk picture.\u003c\/p\u003e \u003cp\u003e7.3 Risk treatment.\u003c\/p\u003e \u003cp\u003e7.3.1 Comparison of alternatives.\u003c\/p\u003e \u003cp\u003e7.3.2 Management review and decision.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Risk analysis process for an offshore installation.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Planning.\u003c\/p\u003e \u003cp\u003e8.1.1 Problem definition.\u003c\/p\u003e \u003cp\u003e8.1.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e8.2 Risk analysis.\u003c\/p\u003e \u003cp\u003e8.2.1 Hazard identification.\u003c\/p\u003e \u003cp\u003e8.2.2 Cause analysis.\u003c\/p\u003e \u003cp\u003e8.2.3 Consequence analysis.\u003c\/p\u003e \u003cp\u003e8.3 Risk picture and comparison of alternatives.\u003c\/p\u003e \u003cp\u003e8.4 Management review and judgement.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Production assurance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Planning.\u003c\/p\u003e \u003cp\u003e9.2 Risk analysis.\u003c\/p\u003e \u003cp\u003e9.2.1 Identification of failures.\u003c\/p\u003e \u003cp\u003e9.2.2 Cause analysis.\u003c\/p\u003e \u003cp\u003e9.2.3 Consequence analysis.\u003c\/p\u003e \u003cp\u003e9.3 Risk picture and comparison of alternatives.\u003c\/p\u003e \u003cp\u003e9.4 Management review and judgement. Decision.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Risk analysis process for a cash depot.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Planning.\u003c\/p\u003e \u003cp\u003e10.1.1 Problem definition.\u003c\/p\u003e \u003cp\u003e10.1.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e10.2 Risk analysis.\u003c\/p\u003e \u003cp\u003e10.2.1 Identification of hazards and threats.\u003c\/p\u003e \u003cp\u003e10.2.2 Cause analysis.\u003c\/p\u003e \u003cp\u003e10.2.3 Consequence analysis.\u003c\/p\u003e \u003cp\u003e10.3 Risk picture.\u003c\/p\u003e \u003cp\u003e10.4 Risk-reducing measures.\u003c\/p\u003e \u003cp\u003e10.4.1 Relocation of the NOKAS facility.\u003c\/p\u003e \u003cp\u003e10.4.2 Erection of a wall.\u003c\/p\u003e \u003cp\u003e10.5 Management review and judgment. Decision.\u003c\/p\u003e \u003cp\u003e10.6 Discussion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Risk analysis process for municipalities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Planning .\u003c\/p\u003e \u003cp\u003e11.1.1 Problem definition.\u003c\/p\u003e \u003cp\u003e11.1.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e11.2 Risk assessment.\u003c\/p\u003e \u003cp\u003e11.2.1 Hazard and threat identification.\u003c\/p\u003e \u003cp\u003e11.2.2 Cause and consequence analysis. Risk picture.\u003c\/p\u003e \u003cp\u003e11.3 Risk treatment.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Risk analysis process for the entire enterprise.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Planning.\u003c\/p\u003e \u003cp\u003e12.1.1 Problem definition.\u003c\/p\u003e \u003cp\u003e12.1.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e12.2 Risk analysis.\u003c\/p\u003e \u003cp\u003e12.2.1 Price risk.\u003c\/p\u003e \u003cp\u003e12.2.2 Operational risk.\u003c\/p\u003e \u003cp\u003e12.2.3 Health, Environment and Safety (HES).\u003c\/p\u003e \u003cp\u003e12.2.4 Reputation risk.\u003c\/p\u003e \u003cp\u003e12.3 Overall risk picture.\u003c\/p\u003e \u003cp\u003e12.4 Risk treatment.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Discussion.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Risk analysis as a decision support tool.\u003c\/p\u003e \u003cp\u003e13.2 Risk is more than the calculated probabilities and expected values.\u003c\/p\u003e \u003cp\u003e13.3 Risk analysis has both strengths and weaknesses.\u003c\/p\u003e \u003cp\u003e13.3.1 Precision of a risk analysis: uncertainty and sensitivity analysis.\u003c\/p\u003e \u003cp\u003e13.3.2 Terminology.\u003c\/p\u003e \u003cp\u003e13.3.3 Risk acceptance criteria (tolerability limits).\u003c\/p\u003e \u003cp\u003e13.4 Reflection on approaches, methods and results.\u003c\/p\u003e \u003cp\u003e13.5 Limitations of the causal chain approach.\u003c\/p\u003e \u003cp\u003e13.6 Risk perspectives.\u003c\/p\u003e \u003cp\u003e13.7 Scientific basis.\u003c\/p\u003e \u003cp\u003e13.8 The implications of the limitations of risk assessment.\u003c\/p\u003e \u003cp\u003e13.9 Critical systems and activities.\u003c\/p\u003e \u003cp\u003e13.10 Conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eA Probability calculus and statistics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA.1 The meaning of a probability.\u003c\/p\u003e \u003cp\u003eA.2 Probability calculus.\u003c\/p\u003e \u003cp\u003eA.3 Probability distributions: expected value.\u003c\/p\u003e \u003cp\u003eA.3.1 Binomial distribution.\u003c\/p\u003e \u003cp\u003eA.4 Statistics (Bayesian statistics).\u003c\/p\u003e \u003cp\u003e\u003cb\u003eB Introduction to reliability analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eB.1 Reliability of systems composed of components.\u003c\/p\u003e \u003cp\u003eB.2 Production system.\u003c\/p\u003e \u003cp\u003eB.3 Safety system.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eC Approach for selecting risk analysis methods.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eC.1 Expected consequences.\u003c\/p\u003e \u003cp\u003eC.2 Uncertainty factors.\u003c\/p\u003e \u003cp\u003eC.3 Frame conditions.\u003c\/p\u003e \u003cp\u003eC.4 Selection of a specific method.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eD Terminology.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eD.1 Risk management: relationships between key terms.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eBibliography.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex.\u003c\/b\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402351452503,"sku":"9780470517369","price":74.66,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470517369.jpg?v=1730480150"},{"product_id":"handbook-of-financial-risk-management-9780470647158","title":"Handbook of Financial Risk Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis authoritative handbook illustrates practical implementation of simulation techniques in the banking and financial industries through use of real-world, time-sensitive applications.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eList of Figures x\u003c\/p\u003e \u003cp\u003eList of Tables xiv\u003c\/p\u003e \u003cp\u003ePreface xx\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 An Introduction to Excel VBA 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 How to start Excel VBA 1\u003c\/p\u003e \u003cp\u003e1.2 VBA Programming Fundamentals 3\u003c\/p\u003e \u003cp\u003e1.3 Linking VBA to C++ 14\u003c\/p\u003e \u003cp\u003e1.5 Random Number Generation 19\u003c\/p\u003e \u003cp\u003e1.6 List of functions defined in the book 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Background 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 A brief review of Martingales and Itô’s calculus 28\u003c\/p\u003e \u003cp\u003e2.2 Volatility 39\u003c\/p\u003e \u003cp\u003e2.3 Mark to Market and Calibration 41\u003c\/p\u003e \u003cp\u003e2.4 Variance Reduction Techniques 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Structured Products 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 When is simulation unnecessary? 55\u003c\/p\u003e \u003cp\u003e3.2 Simulation of Black-Scholes model and European Options 56\u003c\/p\u003e \u003cp\u003e3.3 American Options 61\u003c\/p\u003e \u003cp\u003e3.4 Range Accrual Notes 69\u003c\/p\u003e \u003cp\u003e3.5 FX accumulator: The case of Citic Pacific LTD 73\u003c\/p\u003e \u003cp\u003e3.6 Life Insurance Contracts 80\u003c\/p\u003e \u003cp\u003e3.7 Multi-asset Instruments 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Volatility Modeling 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Local Volatility Models: Simulation and Binomial tree 94\u003c\/p\u003e \u003cp\u003e4.2 The Heston Stochastic Volatility Model 104\u003c\/p\u003e \u003cp\u003e4.3 Simulation of Exotic Option Prices under Heston Model 110\u003c\/p\u003e \u003cp\u003e4.4 The GARCH Option Pricing Model 121\u003c\/p\u003e \u003cp\u003e4.5 Jump-Diffusion Model 127\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Fixed-Income Derivatives I: Short-Rate Models 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Yield Curve Building 138\u003c\/p\u003e \u003cp\u003e5.2 The Hull-White Model 150\u003c\/p\u003e \u003cp\u003e5.3 Pricing Interest Rate Products Using The Direction Simulation Approach 156\u003c\/p\u003e \u003cp\u003e5.4 Pricing Interest Rate Products Using The Trinomial Tree Approach 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Fixed-Income Derivatives II: LIBOR Market Models 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 LIBOR Market Models 171\u003c\/p\u003e \u003cp\u003e6.2 Calibration to Caps and Swaptions 177\u003c\/p\u003e \u003cp\u003e6.3 Simulation Across Different Forward Measures 186\u003c\/p\u003e \u003cp\u003e6.4 Bermudan Swaptions in a Three-Factor Model 194\u003c\/p\u003e \u003cp\u003e6.5 Epilogue 196\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Credit Derivatives and Counterparty Credit Risk 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Structural Models of Credit Risk 200\u003c\/p\u003e \u003cp\u003e7.2 The Vasicek Single-Factor Model 203\u003c\/p\u003e \u003cp\u003e7.3 Copula Approach to Credit Derivative Pricing 212\u003c\/p\u003e \u003cp\u003e7.4 Counterparty credit risk 223\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Value-at-Risk and Related Risk Measures 237\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Value-at-Risk 237\u003c\/p\u003e \u003cp\u003e8.2 Parametric VaR 238\u003c\/p\u003e \u003cp\u003e8.3 Delta-normal Approximation 245\u003c\/p\u003e \u003cp\u003e8.4 Delta-Gamma Approximation 247\u003c\/p\u003e \u003cp\u003e8.5 VaR Simulation Methods 249\u003c\/p\u003e \u003cp\u003e8.6 VaR-related Risk Measures 258\u003c\/p\u003e \u003cp\u003e8.7 VaR Back-testing 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 The Greeks 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Black-Scholes Greeks 269\u003c\/p\u003e \u003cp\u003e9.2 Greeks in A Binomial Tree 271\u003c\/p\u003e \u003cp\u003e9.3 Finite Difference Approximation 272\u003c\/p\u003e \u003cp\u003e9.4 Likelihood Ratio Method 276\u003c\/p\u003e \u003cp\u003e9.5 Pathwise Derivative Estimates 279\u003c\/p\u003e \u003cp\u003e9.6 Greek Calculation with Discontinuous Payoffs 289\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Appendix 295\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReferences 315\u003c\/p\u003e \u003cp\u003eSubject Index 319\u003c\/p\u003e \u003cp\u003eAuthor Index 323\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402385269079,"sku":"9780470647158","price":125.06,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470647158.jpg?v=1730480238"},{"product_id":"financial-risk-forecasting-9780470669433","title":"Financial Risk Forecasting","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eFinancial Risk Forecasting is a complete introduction to practical quantitative risk management, with a focus on market risk.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eAbbreviations xvii\u003c\/p\u003e \u003cp\u003eNotation xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Financial markets, prices and risk 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Prices, returns and stock indices 2\u003c\/p\u003e \u003cp\u003e1.1.1 Stock indices 2\u003c\/p\u003e \u003cp\u003e1.1.2 Prices and returns 2\u003c\/p\u003e \u003cp\u003e1.2 S\u0026amp;P 500 returns 5\u003c\/p\u003e \u003cp\u003e1.2.1 S\u0026amp;P 500 statistics 6\u003c\/p\u003e \u003cp\u003e1.2.2 S\u0026amp;P 500 statistics in R and Matlab 7\u003c\/p\u003e \u003cp\u003e1.3 The stylized facts of financial returns 9\u003c\/p\u003e \u003cp\u003e1.4 Volatility 9\u003c\/p\u003e \u003cp\u003e1.4.1 Volatility clusters 11\u003c\/p\u003e \u003cp\u003e1.4.2 Volatility clusters and the ACF 12\u003c\/p\u003e \u003cp\u003e1.5 Nonnormality and fat tails 14\u003c\/p\u003e \u003cp\u003e1.6 Identification of fat tails 16\u003c\/p\u003e \u003cp\u003e1.6.1 Statistical tests for fat tails 16\u003c\/p\u003e \u003cp\u003e1.6.2 Graphical methods for fat tail analysis 17\u003c\/p\u003e \u003cp\u003e1.6.3 Implications of fat tails in finance 20\u003c\/p\u003e \u003cp\u003e1.7 Nonlinear dependence 21\u003c\/p\u003e \u003cp\u003e1.7.1 Sample evidence of nonlinear dependence 22\u003c\/p\u003e \u003cp\u003e1.7.2 Exceedance correlations 23\u003c\/p\u003e \u003cp\u003e1.8 Copulas 25\u003c\/p\u003e \u003cp\u003e1.8.1 The Gaussian copula 25\u003c\/p\u003e \u003cp\u003e1.8.2 The theory of copulas 25\u003c\/p\u003e \u003cp\u003e1.8.3 An application of copulas 27\u003c\/p\u003e \u003cp\u003e1.8.4 Some challenges in using copulas 28\u003c\/p\u003e \u003cp\u003e1.9 Summary 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Univariate volatility modeling 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Modeling volatility 31\u003c\/p\u003e \u003cp\u003e2.2 Simple volatility models 32\u003c\/p\u003e \u003cp\u003e2.2.1 Moving average models 32\u003c\/p\u003e \u003cp\u003e2.2.2 EWMA model 33\u003c\/p\u003e \u003cp\u003e2.3 GARCH and conditional volatility 35\u003c\/p\u003e \u003cp\u003e2.3.1 ARCH 36\u003c\/p\u003e \u003cp\u003e2.3.2 GARCH 38\u003c\/p\u003e \u003cp\u003e2.3.3 The ‘‘memory’’ of a GARCH model 39\u003c\/p\u003e \u003cp\u003e2.3.4 Normal GARCH 40\u003c\/p\u003e \u003cp\u003e2.3.5 Student-\u003ci\u003et \u003c\/i\u003eGARCH 40\u003c\/p\u003e \u003cp\u003e2.3.6 (G)ARCH in mean 41\u003c\/p\u003e \u003cp\u003e2.4 Maximum likelihood estimation of volatility models 41\u003c\/p\u003e \u003cp\u003e2.4.1 The ARCH(1) likelihood function 42\u003c\/p\u003e \u003cp\u003e2.4.2 The GARCH(1,1) likelihood function 42\u003c\/p\u003e \u003cp\u003e2.4.3 On the importance of \u003ci\u003eσ\u003c\/i\u003e\u003csub\u003e1\u003c\/sub\u003e 43\u003c\/p\u003e \u003cp\u003e2.4.4 Issues in estimation 43\u003c\/p\u003e \u003cp\u003e2.5 Diagnosing volatility models 44\u003c\/p\u003e \u003cp\u003e2.5.1 Likelihood ratio tests and parameter significance 44\u003c\/p\u003e \u003cp\u003e2.5.2 Analysis of model residuals 45\u003c\/p\u003e \u003cp\u003e2.5.3 Statistical goodness-of-fit measures 45\u003c\/p\u003e \u003cp\u003e2.6 Application of ARCH and GARCH 46\u003c\/p\u003e \u003cp\u003e2.6.1 Estimation results 46\u003c\/p\u003e \u003cp\u003e2.6.2 Likelihood ratio tests 47\u003c\/p\u003e \u003cp\u003e2.6.3 Residual analysis 47\u003c\/p\u003e \u003cp\u003e2.6.4 Graphical analysis 48\u003c\/p\u003e \u003cp\u003e2.6.5 Implementation 48\u003c\/p\u003e \u003cp\u003e2.7 Other GARCH-type models 51\u003c\/p\u003e \u003cp\u003e2.7.1 Leverage effects and asymmetry 51\u003c\/p\u003e \u003cp\u003e2.7.2 Power models 52\u003c\/p\u003e \u003cp\u003e2.7.3 APARCH 52\u003c\/p\u003e \u003cp\u003e2.7.4 Application of APARCH models 52\u003c\/p\u003e \u003cp\u003e2.7.5 Estimation of APARCH 53\u003c\/p\u003e \u003cp\u003e2.8 Alternative volatility models 54\u003c\/p\u003e \u003cp\u003e2.8.1 Implied volatility 54\u003c\/p\u003e \u003cp\u003e2.8.2 Realized volatility 55\u003c\/p\u003e \u003cp\u003e2.8.3 Stochastic volatility 55\u003c\/p\u003e \u003cp\u003e2.9 Summary 56\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Multivariate volatility models 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Multivariate volatility forecasting 57\u003c\/p\u003e \u003cp\u003e3.1.1 Application 58\u003c\/p\u003e \u003cp\u003e3.2 EWMA 59\u003c\/p\u003e \u003cp\u003e3.3 Orthogonal GARCH 62\u003c\/p\u003e \u003cp\u003e3.3.1 Orthogonalizing covariance 62\u003c\/p\u003e \u003cp\u003e3.3.2 Implementation 62\u003c\/p\u003e \u003cp\u003e3.3.3 Large-scale implementations 63\u003c\/p\u003e \u003cp\u003e3.4 CCC and DCC models 63\u003c\/p\u003e \u003cp\u003e3.4.1 Constant conditional correlations (CCC) 64\u003c\/p\u003e \u003cp\u003e3.4.2 Dynamic conditional correlations (DCC) 64\u003c\/p\u003e \u003cp\u003e3.4.3 Implementation 65\u003c\/p\u003e \u003cp\u003e3.5 Estimation comparison 65\u003c\/p\u003e \u003cp\u003e3.6 Multivariate extensions of GARCH 67\u003c\/p\u003e \u003cp\u003e3.6.1 Numerical problems 69\u003c\/p\u003e \u003cp\u003e3.6.2 The BEKK model 69\u003c\/p\u003e \u003cp\u003e3.7 Summary 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Risk measures 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Defining and measuring risk 73\u003c\/p\u003e \u003cp\u003e4.2 Volatility 75\u003c\/p\u003e \u003cp\u003e4.3 Value-at-risk 76\u003c\/p\u003e \u003cp\u003e4.3.1 Is VaR a negative or positive number? 77\u003c\/p\u003e \u003cp\u003e4.3.2 The three steps in VaR calculations 78\u003c\/p\u003e \u003cp\u003e4.3.3 Interpreting and analyzing VaR 78\u003c\/p\u003e \u003cp\u003e4.3.4 VaR and normality 79\u003c\/p\u003e \u003cp\u003e4.3.5 Sign of VaR 79\u003c\/p\u003e \u003cp\u003e4.4 Issues in applying VaR 80\u003c\/p\u003e \u003cp\u003e4.4.1 VaR is only a quantile 80\u003c\/p\u003e \u003cp\u003e4.4.2 Coherence 81\u003c\/p\u003e \u003cp\u003e4.4.3 Does VaR really violate subadditivity? 83\u003c\/p\u003e \u003cp\u003e4.4.4 Manipulating VaR 84\u003c\/p\u003e \u003cp\u003e4.5 Expected shortfall 85\u003c\/p\u003e \u003cp\u003e4.6 Holding periods, scaling and the square root of time 89\u003c\/p\u003e \u003cp\u003e4.6.1 Length of holding periods 89\u003c\/p\u003e \u003cp\u003e4.6.2 Square-root-of-time scaling 90\u003c\/p\u003e \u003cp\u003e4.7 Summary 90\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Implementing risk forecasts 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Application 93\u003c\/p\u003e \u003cp\u003e5.2 Historical simulation 95\u003c\/p\u003e \u003cp\u003e5.2.1 Expected shortfall estimation 97\u003c\/p\u003e \u003cp\u003e5.2.2 Importance of window size 97\u003c\/p\u003e \u003cp\u003e5.3 Risk measures and parametric methods 98\u003c\/p\u003e \u003cp\u003e5.3.1 Deriving VaR 99\u003c\/p\u003e \u003cp\u003e5.3.2 VaR when returns are normally distributed 101\u003c\/p\u003e \u003cp\u003e5.3.3 VaR under the Student-t distribution 102\u003c\/p\u003e \u003cp\u003e5.3.4 Expected shortfall under normality 103\u003c\/p\u003e \u003cp\u003e5.4 What about expected returns? 104\u003c\/p\u003e \u003cp\u003e5.5 VaR with time-dependent volatility 106\u003c\/p\u003e \u003cp\u003e5.5.1 Moving average 106\u003c\/p\u003e \u003cp\u003e5.5.2 EWMA 107\u003c\/p\u003e \u003cp\u003e5.5.3 GARCH normal 108\u003c\/p\u003e \u003cp\u003e5.5.4 Other GARCH models 109\u003c\/p\u003e \u003cp\u003e5.6 Summary 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Analytical value-at-risk for options and bonds 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Bonds 112\u003c\/p\u003e \u003cp\u003e6.1.1 Duration-normal VaR 112\u003c\/p\u003e \u003cp\u003e6.1.2 Accuracy of duration-normal VaR 114\u003c\/p\u003e \u003cp\u003e6.1.3 Convexity and VaR 114\u003c\/p\u003e \u003cp\u003e6.2 Options 115\u003c\/p\u003e \u003cp\u003e6.2.1 Implementation 117\u003c\/p\u003e \u003cp\u003e6.2.2 Delta-normal VaR 119\u003c\/p\u003e \u003cp\u003e6.2.3 Delta and gamma 120\u003c\/p\u003e \u003cp\u003e6.3 Summary 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Simulation methods for VaR for options and bonds 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Pseudo random number generators 122\u003c\/p\u003e \u003cp\u003e7.1.1 Linear congruental generators 122\u003c\/p\u003e \u003cp\u003e7.1.2 Nonuniform RNGs and transformation methods 123\u003c\/p\u003e \u003cp\u003e7.2 Simulation pricing 124\u003c\/p\u003e \u003cp\u003e7.2.1 Bonds 125\u003c\/p\u003e \u003cp\u003e7.2.2 Options 129\u003c\/p\u003e \u003cp\u003e7.3 Simulation of VaR for one asset 132\u003c\/p\u003e \u003cp\u003e7.3.1 Monte Carlo VaR with one basic asset 133\u003c\/p\u003e \u003cp\u003e7.3.2 VaR of an option on a basic asset 134\u003c\/p\u003e \u003cp\u003e7.3.3 Options and a stock 136\u003c\/p\u003e \u003cp\u003e7.4 Simulation of portfolio VaR 137\u003c\/p\u003e \u003cp\u003e7.4.1 Simulation of portfolio VaR for basic assets 137\u003c\/p\u003e \u003cp\u003e7.4.2 Portfolio VaR for options 139\u003c\/p\u003e \u003cp\u003e7.4.3 Richer versions 139\u003c\/p\u003e \u003cp\u003e7.5 Issues in simulation estimation 140\u003c\/p\u003e \u003cp\u003e7.5.1 The quality of the RNG 140\u003c\/p\u003e \u003cp\u003e7.5.2 Number of simulations 140\u003c\/p\u003e \u003cp\u003e7.6 Summary 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Backtesting and stress testing 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Backtesting 143\u003c\/p\u003e \u003cp\u003e8.1.1 Market risk regulations 146\u003c\/p\u003e \u003cp\u003e8.1.2 Estimation window length 146\u003c\/p\u003e \u003cp\u003e8.1.3 Testing window length 147\u003c\/p\u003e \u003cp\u003e8.1.4 Violation ratios 147\u003c\/p\u003e \u003cp\u003e8.2 Backtesting the S\u0026amp;P 500 147\u003c\/p\u003e \u003cp\u003e8.2.1 Analysis 150\u003c\/p\u003e \u003cp\u003e8.3 Significance of backtests 153\u003c\/p\u003e \u003cp\u003e8.3.1 Bernoulli coverage test 154\u003c\/p\u003e \u003cp\u003e8.3.2 Testing the independence of violations 155\u003c\/p\u003e \u003cp\u003e8.3.3 Testing VaR for the S\u0026amp;P 500 157\u003c\/p\u003e \u003cp\u003e8.3.4 Joint test 159\u003c\/p\u003e \u003cp\u003e8.3.5 Loss-function-based backtests 159\u003c\/p\u003e \u003cp\u003e8.4 Expected shortfall backtesting 160\u003c\/p\u003e \u003cp\u003e8.5 Problems with backtesting 162\u003c\/p\u003e \u003cp\u003e8.6 Stress testing 163\u003c\/p\u003e \u003cp\u003e8.6.1 Scenario analysis 163\u003c\/p\u003e \u003cp\u003e8.6.2 Issues in scenario analysis 165\u003c\/p\u003e \u003cp\u003e8.6.3 Scenario analysis and risk models 165\u003c\/p\u003e \u003cp\u003e8.7 Summary 166\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Extreme value theory 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Extreme value theory 168\u003c\/p\u003e \u003cp\u003e9.1.1 Types of tails 168\u003c\/p\u003e \u003cp\u003e9.1.2 Generalized extreme value distribution 169\u003c\/p\u003e \u003cp\u003e9.2 Asset returns and fat tails 170\u003c\/p\u003e \u003cp\u003e9.3 Applying EVT 172\u003c\/p\u003e \u003cp\u003e9.3.1 Generalized Pareto distribution 172\u003c\/p\u003e \u003cp\u003e9.3.2 Hill method 173\u003c\/p\u003e \u003cp\u003e9.3.3 Finding the threshold 174\u003c\/p\u003e \u003cp\u003e9.3.4 Application to the S\u0026amp;P 500 index 175\u003c\/p\u003e \u003cp\u003e9.4 Aggregation and convolution 176\u003c\/p\u003e \u003cp\u003e9.5 Time dependence 179\u003c\/p\u003e \u003cp\u003e9.5.1 Extremal index 179\u003c\/p\u003e \u003cp\u003e9.5.2 Dependence in ARCH 180\u003c\/p\u003e \u003cp\u003e9.5.3 When does dependence matter? 180\u003c\/p\u003e \u003cp\u003e9.6 Summary 181\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Endogenous risk 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 The Millennium Bridge 184\u003c\/p\u003e \u003cp\u003e10.2 Implications for financial risk management 184\u003c\/p\u003e \u003cp\u003e10.2.1 The 2007–2010 crisis 185\u003c\/p\u003e \u003cp\u003e10.3 Endogenous market prices 188\u003c\/p\u003e \u003cp\u003e10.4 Dual role of prices 190\u003c\/p\u003e \u003cp\u003e10.4.1 Dynamic trading strategies 191\u003c\/p\u003e \u003cp\u003e10.4.2 Delta hedging 192\u003c\/p\u003e \u003cp\u003e10.4.3 Simulation of feedback 194\u003c\/p\u003e \u003cp\u003e10.4.4 Endogenous risk and the 1987 crash 195\u003c\/p\u003e \u003cp\u003e10.5 Summary 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendices\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eA Financial time series 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA.1 Random variables and probability density functions 197\u003c\/p\u003e \u003cp\u003eA.1.1 Distributions and densities 197\u003c\/p\u003e \u003cp\u003eA.1.2 Quantiles 198\u003c\/p\u003e \u003cp\u003eA.1.3 The normal distribution 198\u003c\/p\u003e \u003cp\u003eA.1.4 Joint distributions 200\u003c\/p\u003e \u003cp\u003eA.1.5 Multivariate normal distribution 200\u003c\/p\u003e \u003cp\u003eA.1.6 Conditional distribution 200\u003c\/p\u003e \u003cp\u003eA.1.7 Independence 201\u003c\/p\u003e \u003cp\u003eA.2 Expectations and variance 201\u003c\/p\u003e \u003cp\u003eA.2.1 Properties of expectation and variance 202\u003c\/p\u003e \u003cp\u003eA.2.2 Covariance and independence 203\u003c\/p\u003e \u003cp\u003eA.3 Higher order moments 203\u003c\/p\u003e \u003cp\u003eA.3.1 Skewness and kurtosis 204\u003c\/p\u003e \u003cp\u003eA.4 Examples of distributions 206\u003c\/p\u003e \u003cp\u003eA.4.1 Chi-squared (\u003ci\u003eχ\u003c\/i\u003e\u003csup\u003e2\u003c\/sup\u003e) 206\u003c\/p\u003e \u003cp\u003eA.4.2 Student-\u003ci\u003et\u003c\/i\u003e 206\u003c\/p\u003e \u003cp\u003eA.4.3 Bernoulli and binomial distributions 208\u003c\/p\u003e \u003cp\u003eA.5 Basic time series concepts 208\u003c\/p\u003e \u003cp\u003eA.5.1 Autocovariances and autocorrelations 209\u003c\/p\u003e \u003cp\u003eA.5.2 Stationarity 209\u003c\/p\u003e \u003cp\u003eA.5.3 White noise 210\u003c\/p\u003e \u003cp\u003eA.6 Simple time series models 210\u003c\/p\u003e \u003cp\u003eA.6.1 The moving average model 210\u003c\/p\u003e \u003cp\u003eA.6.2 The autoregressive model 211\u003c\/p\u003e \u003cp\u003eA.6.3 ARMA model 212\u003c\/p\u003e \u003cp\u003eA.6.4 Random walk 212\u003c\/p\u003e \u003cp\u003eA.7 Statistical hypothesis testing 212\u003c\/p\u003e \u003cp\u003eA.7.1 Central limit theorem 213\u003c\/p\u003e \u003cp\u003eA.7.2 p-values 213\u003c\/p\u003e \u003cp\u003eA.7.3 Type 1 and type 2 errors and the power of the test 214\u003c\/p\u003e \u003cp\u003eA.7.4 Testing for normality 214\u003c\/p\u003e \u003cp\u003eA.7.5 Graphical methods: QQ plots 215\u003c\/p\u003e \u003cp\u003eA.7.6 Testing for autocorrelation 215\u003c\/p\u003e \u003cp\u003eA.7.7 Engle LM test for volatility clusters 216\u003c\/p\u003e \u003cp\u003e\u003cb\u003eB An introduction to R 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eB.1 Inputting data 217\u003c\/p\u003e \u003cp\u003eB.2 Simple operations 219\u003c\/p\u003e \u003cp\u003eB.2.1 Matrix computation 220\u003c\/p\u003e \u003cp\u003eB.3 Distributions 222\u003c\/p\u003e \u003cp\u003eB.3.1 Normality tests 223\u003c\/p\u003e \u003cp\u003eB.4 Time series 224\u003c\/p\u003e \u003cp\u003eB.5 Writing functions in R 225\u003c\/p\u003e \u003cp\u003eB.5.1 Loops and repeats 226\u003c\/p\u003e \u003cp\u003eB.6 Maximum likelihood estimation 228\u003c\/p\u003e \u003cp\u003eB.7 Graphics 229\u003c\/p\u003e \u003cp\u003e\u003cb\u003eC An introduction to Matlab 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eC.1 Inputting data 231\u003c\/p\u003e \u003cp\u003eC.2 Simple operations 233\u003c\/p\u003e \u003cp\u003eC.2.1 Matrix algebra 234\u003c\/p\u003e \u003cp\u003eC.3 Distributions 235\u003c\/p\u003e \u003cp\u003eC.3.1 Normality tests 237\u003c\/p\u003e \u003cp\u003eC.4 Time series 237\u003c\/p\u003e \u003cp\u003eC.5 Basic programming and M-files 238\u003c\/p\u003e \u003cp\u003eC.5.1 Loops 239\u003c\/p\u003e \u003cp\u003eC.6 Maximum likelihood 242\u003c\/p\u003e \u003cp\u003eC.7 Graphics 243\u003c\/p\u003e \u003cp\u003e\u003cb\u003eB Maximum likelihood 245\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eD.1 Likelihood functions 245\u003c\/p\u003e \u003cp\u003eD.1.1 Normal likelihood functions 246\u003c\/p\u003e \u003cp\u003eD.2 Optimizers 247\u003c\/p\u003e \u003cp\u003eD.3 Issues in ML estimation 248\u003c\/p\u003e \u003cp\u003eD.4 Information matrix 249\u003c\/p\u003e \u003cp\u003eD.5 Properties of maximum likelihood estimators 250\u003c\/p\u003e \u003cp\u003eD.6 Optimal testing procedures 250\u003c\/p\u003e \u003cp\u003eD.6.1 Likelihood ratio test 251\u003c\/p\u003e \u003cp\u003eD.6.2 Lagrange multiplier test 252\u003c\/p\u003e \u003cp\u003eD.6.3 Wald test 253\u003c\/p\u003e \u003cp\u003eBibliography 255\u003c\/p\u003e \u003cp\u003eIndex 259\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402397294935,"sku":"9780470669433","price":49.4,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470669433.jpg?v=1730480277"},{"product_id":"financial-risk-manager-handbook-test-bank-9780470904015","title":"Financial Risk Manager Handbook  Test Bank","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe essential reference for financial risk management    Filled with in-depth insights and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface.  \u003cp\u003eAbout the Author.\u003c\/p\u003e \u003cp\u003eAbout GARP.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE Foundations of Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1 Risk Management.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO Quantitative Analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 2 Fundamentals of Probability.\u003c\/p\u003e \u003cp\u003eCHAPTER 3 Fundamentals of Statistics.\u003c\/p\u003e \u003cp\u003eCHAPTER 4 Monte Carlo Methods.\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Modeling Risk Factors.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE Financial Markets and Products.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Bond Fundamentals.\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Introduction to Derivatives.\u003c\/p\u003e \u003cp\u003eCHAPTER 8 Option Markets.\u003c\/p\u003e \u003cp\u003eCHAPTER 9 Fixed-Income Securities.\u003c\/p\u003e \u003cp\u003eCHAPTER 10 Fixed-Income Derivatives.\u003c\/p\u003e \u003cp\u003eCHAPTER 11 Equity, Currency, and Commodity Markets.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR Valuation and Risk Models.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 12 Introduction to Risk Models.\u003c\/p\u003e \u003cp\u003eCHAPTER 13 Managing Linear Risk.\u003c\/p\u003e \u003cp\u003eCHAPTER 14 Nonlinear (Option) Risk Models.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FIVE Market Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 15 Advanced Risk Models: Univariate.\u003c\/p\u003e \u003cp\u003eCHAPTER 16 Advanced Risk Models: Multivariate.\u003c\/p\u003e \u003cp\u003eCHAPTER 17 Managing Volatility Risk.\u003c\/p\u003e \u003cp\u003eCHAPTER 18 Mortgage-Backed Securities Risk.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART SIX Credit Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 19 Introduction to Credit Risk.\u003c\/p\u003e \u003cp\u003eCHAPTER 20 Measuring Actuarial Default Risk.\u003c\/p\u003e \u003cp\u003eCHAPTER 21 Measuring Default Risk from Market Prices.\u003c\/p\u003e \u003cp\u003eCHAPTER 22 Credit Exposure.\u003c\/p\u003e \u003cp\u003eCHAPTER 23 Credit Derivatives and Structured Products.\u003c\/p\u003e \u003cp\u003eCHAPTER 24 Managing Credit Risk.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART SEVEN Operational and Integrated Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 25 Operational Risk.\u003c\/p\u003e \u003cp\u003eCHAPTER 26 Liquidity Risk.\u003c\/p\u003e \u003cp\u003eCHAPTER 27 Firmwide Risk Management.\u003c\/p\u003e \u003cp\u003eCHAPTER 28 The Basel Accord.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART EIGHT Investment Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 29 Portfolio Risk Management.\u003c\/p\u003e \u003cp\u003eCHAPTER 30 Hedge Fund Risk Management.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402456211799,"sku":"9780470904015","price":121.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470904015.jpg?v=1730480454"},{"product_id":"coso-enterprise-risk-management-9780470912881","title":"COSO Enterprise Risk Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eA fully updated, step-by-step guide for implementing COSO''s Enterprise Risk Management\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eCOSO Enterprise Risk Management, Second Edition\u003c\/i\u003e clearly enables organizations of all types and sizes to understand and better manage their risk environments and make better decisions through use of the COSO ERM framework. The \u003ci\u003eSecond Edition\u003c\/i\u003e discusses the latest trends and pronouncements that have affected COSO ERM and explores new topics, including the PCAOB''s release of AS5; ISACA''s recently revised CobiT; and the recently released IIA Standards.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers you expert advice on how to carry out internal control responsibilities more efficiently\u003c\/li\u003e \u003cli\u003eUpdates you on the ins and outs of the COSO Report and its emergence as the new platform for understanding all aspects of risk in today''s organization\u003c\/li\u003e \u003cli\u003eShows you how an effective risk management program, following COSO ERM, can help your organization to better comply with the Sarbanes-Oxley Act\u003c\/li\u003e \u003cli\u003eK\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Introduction: Enterprise Risk Management Today 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe COSO Internal Controls Framework: How Did We Get Here? 2\u003c\/p\u003e \u003cp\u003eThe COSO Internal Controls Framework 3\u003c\/p\u003e \u003cp\u003eCOSO Internal Controls: The Principal Recognized Internal Controls Standard 14\u003c\/p\u003e \u003cp\u003eAn Introduction to COSO ERM 14\u003c\/p\u003e \u003cp\u003eGovernance, Risk, and Compliance 15\u003c\/p\u003e \u003cp\u003eGlobal Computer Products: Our Example Company 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Importance of Governance, Risk, and Compliance Principles 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRoad to Effective GRC Principles 22\u003c\/p\u003e \u003cp\u003eImportance of GRC Governance 23\u003c\/p\u003e \u003cp\u003eRisk Management Component of GRC 25\u003c\/p\u003e \u003cp\u003eGRC and Enterprise Compliance 26\u003c\/p\u003e \u003cp\u003eImportance of Effective GRC Practices and Principles 28\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Risk Management Fundamentals 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFundamentals: Risk Management Phases 32\u003c\/p\u003e \u003cp\u003eOther Risk Assessment Techniques 45\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: COSO ERM Framework 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eERM Definitions and Objectives: A Portfolio View of Risk 51\u003c\/p\u003e \u003cp\u003eCOSO ERM Framework Model 55\u003c\/p\u003e \u003cp\u003eOther Dimensions of the ERM Framework 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Implementing ERM in the Enterprise 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRoles and Responsibilities of an Enterprise Risk Management Function 90\u003c\/p\u003e \u003cp\u003eRisk Management Policies, Standards, and Strategies 100\u003c\/p\u003e \u003cp\u003eBusiness, IT, and Risk Transfer Processes 105\u003c\/p\u003e \u003cp\u003eRisk Management Reviews and Corrective Action Practices 108\u003c\/p\u003e \u003cp\u003eERM Communications Approaches 112\u003c\/p\u003e \u003cp\u003eCRO and an Effective Enterprise Risk Management Function 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Importance of Strong Enterprise Governance Practices 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory and Background of Enterprise Governance: A U.S. Perspective 116\u003c\/p\u003e \u003cp\u003eEnterprise Integrity and Ethical Behavior 119\u003c\/p\u003e \u003cp\u003eDisclosure and Transparency 125\u003c\/p\u003e \u003cp\u003eRights and Equitable Treatment of Shareholders and Key Stakeholders 126\u003c\/p\u003e \u003cp\u003eGovernance Role and Responsibilities of the Board 128\u003c\/p\u003e \u003cp\u003eGovernance as a Key Element of GRC 128\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Enterprise Compliance Issues Today 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCompliance Issues Today 132\u003c\/p\u003e \u003cp\u003eEstablish a Compliance Assessment Team 133\u003c\/p\u003e \u003cp\u003eCompliance Risk Assessments and Compliance Program Reviews 136\u003c\/p\u003e \u003cp\u003eWork Unit–Level Compliance Tracking and Review Processes 138\u003c\/p\u003e \u003cp\u003eCompliance-Related Procedures and Staff Education Programs 141\u003c\/p\u003e \u003cp\u003eEnterprise Hotline Compliance and Whistleblower Support 142\u003c\/p\u003e \u003cp\u003eAssessing the Overall Enterprise Compliance Program 144\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Integrating ERM with COSO Internal Controls 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCOSO Internal Controls Background and Earlier Legislation 147\u003c\/p\u003e \u003cp\u003eEfforts Leading to the Treadway Commission 151\u003c\/p\u003e \u003cp\u003eCOSO Internal Controls Framework 156\u003c\/p\u003e \u003cp\u003eCOSO Internal Controls and COSO ERM: Compared 174\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Sarbanes-Oxley and Enterprise Risk Management Concerns 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSarbanes-Oxley Act Background 177\u003c\/p\u003e \u003cp\u003eSOx Legislation Overview 179\u003c\/p\u003e \u003cp\u003eEnterprise Risk Management and SOx Section 404 Reviews 193\u003c\/p\u003e \u003cp\u003eInternal Controls Reporting and Materiality 198\u003c\/p\u003e \u003cp\u003ePCAOB Risk-Based Auditing Standards 199\u003c\/p\u003e \u003cp\u003eSarbanes-Oxley: The Other Sections 200\u003c\/p\u003e \u003cp\u003eSOx and COSO ERM 201\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Corporate Culture and Risk Portfolio Management 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhistleblower and Hotline Functions 204\u003c\/p\u003e \u003cp\u003eRisk Portfolio Management 208\u003c\/p\u003e \u003cp\u003eIntegrated Enterprise-Wide Risk Management 211\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: OCEG Capability Model GRC Standards 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGRC Capability Model “Red Book” 215\u003c\/p\u003e \u003cp\u003eOther OCEG Materials: The “Burgundy Book” 223\u003c\/p\u003e \u003cp\u003eLevel and Scope of the OCEG Standards-Setting Authority 224\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Importance of GRC Principles in the Board Room 225\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBoard Decisions and Risk Management 226\u003c\/p\u003e \u003cp\u003eBoard Organization and Governance Rules 230\u003c\/p\u003e \u003cp\u003eCorporate Charters and the Board Committee Structure 231\u003c\/p\u003e \u003cp\u003eAudit Committees and Managing Risks 235\u003c\/p\u003e \u003cp\u003eEstablishing a Board-Level Risk Committee 238\u003c\/p\u003e \u003cp\u003eAudit and Risk Committee Coordination 244\u003c\/p\u003e \u003cp\u003eCOSO ERM and Corporate Governance 245\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Role of Internal Audit in Enterprise Risk Management 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInternal Audit Standards for Evaluating Risk 248\u003c\/p\u003e \u003cp\u003eCOSO ERM for More Effective Internal Audit Planning 251\u003c\/p\u003e \u003cp\u003eRisk-Based Internal Audit Findings and Recommendations 264\u003c\/p\u003e \u003cp\u003eCOSO ERM and Internal Audit 265\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Understanding Project Management Risks 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProject Management Process 268\u003c\/p\u003e \u003cp\u003e\u003ci\u003ePMBOK\u003c\/i\u003e_ \u003ci\u003eGuide\u003c\/i\u003e: \u003ci\u003eA Guide to the Project Management Book of Knowledge \u003c\/i\u003e269\u003c\/p\u003e \u003cp\u003e\u003ci\u003ePMBOK\u003c\/i\u003e_ \u003ci\u003eGuide\u003c\/i\u003e’s Project Manager Risk Management Approach 272\u003c\/p\u003e \u003cp\u003eProject-Related Risks: What Can Go Wrong 282\u003c\/p\u003e \u003cp\u003eImplementing ERM for Project Managers 285\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Information Technology and Enterprise Risk Management 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIT and the COSO ERM Framework 292\u003c\/p\u003e \u003cp\u003eIT Application Systems Risks 294\u003c\/p\u003e \u003cp\u003eEffective IT Continuity Planning 302\u003c\/p\u003e \u003cp\u003eWorms, Viruses, and System Network Risks 307\u003c\/p\u003e \u003cp\u003eIT and Effective ERM Processes 309\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Establishing an Effective GRC Culture throughout the Enterprise 311\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFirst Steps to Establishing a GRC Culture: An Example 312\u003c\/p\u003e \u003cp\u003ePromoting the Concept of Enterprise Risk 314\u003c\/p\u003e \u003cp\u003eEstablishing of Enterprise-Wide Governance Awareness 319\u003c\/p\u003e \u003cp\u003eEnterprise Codes of Conduct 323\u003c\/p\u003e \u003cp\u003eBuilding a GRC Culture: Risk, Governance, and Compliance Education Programs 326\u003c\/p\u003e \u003cp\u003eKeeping the GRC Culture Current 327\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: ISO 31000 and 38500 Risk Management Worldwide Standards 331\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eISO Standards-Setting Process 332\u003c\/p\u003e \u003cp\u003eUnderstanding ISO 31000 334\u003c\/p\u003e \u003cp\u003eISO 38500: The Corporate Governance of IT 337\u003c\/p\u003e \u003cp\u003eImplementing an ISO Standard 340\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: ERM and GRC Principles Going Forward 343\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eERM and GRC for the Internal Controls Professional 344\u003c\/p\u003e \u003cp\u003eCOSO’s Ongoing Support Role 347\u003c\/p\u003e \u003cp\u003eCOSO ERM and GRC Future Prospects 348\u003c\/p\u003e \u003cp\u003eAbout the Author 351\u003c\/p\u003e \u003cp\u003eIndex 353\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default 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