Risk assessment Books

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Book SynopsisAn accessible guide to enterprise risk management for financial institutions, containing all the tools needed to build and maintain an ERM framework. This new expanded edition has been thoroughly updated to reflect new legislation and the creation of the Financial Conduct Authority and the Prudential Regulation Authority.Trade ReviewReview of previous edition: 'Provides all the tools required to build and maintain a comprehensive ERM framework, covering a range of qualitative and quantitative techniques and their uses in identifying, assessing, modelling and measuring risk.' Actuary Magazine'In total, this book provides not only a very comprehensive and accessible introduction to financial enterprise risk management, but also covers advanced topics such as Bayesian networks and current regulatory developments such as Basel III. It clearly demonstrates the importance of risk management for financial institutions and outlines detailed steps and procedures that can be taken to obtain a firm understanding of risk. The book discusses the specific advantages and limitations of current risk management tools and frameworks and provides rich guidance on how to implement ERM on a comprehensive level.' Matthias M. M. Buehlmaier, zbMATHTable of Contents1. An introduction to enterprise risk management; 2. Types of financial institution; 3. Stakeholders; 4. The internal environment; 5. The external environment; 6. Process overview; 7. Definitions of risk; 8. Risk identification; 9. Some useful statistics; 10. Statistical distributions; 11. Modelling techniques; 12. Extreme value theory; 13. Modelling time series; 14. Quantifying particular risks; 15. Risk assessment; 16. Responses to risk; 17. Continuous considerations; 18. Economic capital; 19. Risk frameworks; 20. Case studies; 21. Solutions to questions; References; Index.

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Book SynopsisJacqueline Peel examines the role of science in international risk regulation in areas from climate change to food safety. It will appeal to international legal practitioners wanting to understand law's part in managing global risks and risk-assessment professionals interested in improving the use of science in international legal processes.Trade Review'… [proposes] developments of the law in ways which have a clear practical import.' Christopher A. Thomas, International and Comparative Law QuarterlyTable of Contents1. Introduction - science and risk regulation in international law; 2. Global risk governance and its legitimacy; 3. Scientific rationality and risk in international law; 4. Competing risk regulatory paradigms: sound science and the precautionary principle; 5. Science and WTO regulation of SPS risk; 6. Case studies of science and risk regulation in international law; 7. Democratising global risk governance; 8. What role for science in international risk regulation?

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Book SynopsisIn this book, the authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of interactions among them. In mainstream macroeconomics sound microfoundations for macroeconomics have meant incorporating sophisticated intertemporal optimization by representative agents into models. Optimal growth theory, once meant to be normative, is now taught as a descriptive theory in mainstream macroeconomic courses. In neoclassical equilibria flexible prices led the economy to the state of full employment and marginal productivities are all equated. Professors Aoki and Yoshikawa contrariwise show that such equilibria are not possible in economies with a large number of agents of heterogeneous types. They employ a set of statistical dynamical tools via continuous-time Markov chains and statistical distributions of fractions of agents by types available in the new literature of combinatorTrade ReviewReviews of the hardback: 'Thoughtful macroeconomists are uncomfortably aware that consumers, firms, and workers vary widely in their local environments, perceptions, and beliefs. Ignoring this heterogeneity, as 'modern macro' does, is a likely source of systematic error. Aoki and Yoshikawa propose to repair this failure by modeling the macroeconomy explicitly as a cloud of interacting particles. The goal is to deduce the distributions of economic characteristics that describe the system as a whole. There are already some surprising beginning results, including a novel treatment of aggregate demand, and one can expect more when their approach is combined with standard economic reasoning. This is the start, not the finish, of a potentially far-reaching research program. It should excite the curiosity of all those thoughtful macroeconomists.' Robert M. Solow, Massachusetts Institute of Technology'This book is a bold and daring challenge to the growing influence of neoclassical equilibrium theory in the field of modern macroeconomics. Not simply an approach to traditional Keynesian theory that attempts to refine it and make it more accurate, the treatment makes use of a new methodology in statistical physics and combinatorial stochastic processes to mount a direct challenge to real business cycle theory and rational expectations theory. Professor Aoki has made important contributions to the application of statistical physics to economics, and Professor Yoshikawa is a leading Japanese economist who has done outstanding work in the fields of both theoretical and empirical economics. This book is the superb product of the optimum combination of these two scholars' different talents.' Ryuzo Sato, New York University and University of Tokyo'Masanao Aoki and Hiroshi Yoshikawa have written no less than the foundation of a new approach (and I believe the right one) to the core problem of macroeconomics, which is to aggregate behaviors by stressing the importance of the heterogeneity and variability of real economic agents. Getting inspiration from and adapting the concepts and tools of statistical physics, they masterfully derive important and novel insights on the most crucial problems of the field: the principle of effective demand, role of uncertainty, sticky prices/wages, and the endogenous business cycle. This book is perhaps the first successful effort to develop macroeconomics as a real science on par with physics, with falsifiable hypotheses underpinned by sound micro-principles and testable predictions.' Didier Sornette, Swiss Federal Institute of Technology, Zurich'This book shows the impossibility of efficient equilibria in economics with market clearing mainstream hypotheses when such an economy is populated by a large number of heterogenous agents. In such a case, Aoki and Yoshikawa show that, through combined stochastic processes, a new approach to macroeconomics is not only possible: it is real and this book shows how to reach it.' Mauro Gallegati, Università Politechnia delle Marche'Reconstructing Macroeconomics is an ambitious, informative, challenging … book that addresses fundamental questions of economic theory on many levels. In my view mainstream macroeconomists can only benefit by becoming familiar with the point of view Aoki and Yoshikawa represent so ably here … Those who aspire to create a new macroeconomics, including the various schools of 'heterodox' economics, can also learn a lot from this book.' Journal of Economic Behavior and OrganizationTable of ContentsPreface 1 Masanao Aoki; Preface 2 Hiroshi Yoshikawa; 1. Introduction - a new approach to macroeconomics; 2. The methods - jump Markov processes and random partitions; 3. Equilibrium as distribution - the role of demand in macroeconomics; 4. Uncertainty trap - policy ineffectiveness and long stagnation of the macroeconomy; 5. Slow dynamics of the macro system - no mystery of inflexible prices; 6. Business cycles - an endogenous stochastic approach; 7. Labor market dynamics - a new look at natural unemployment and Okun's law; 8. Demand saturation - creation and economic growth; 9. The types of investors and volatility in financial markets - analyzing clusters of heterogeneous agents; 10. Stock prices and the real macroeconomy - power-law versus exponential distributions.

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Book SynopsisSeismic hazard and risk analyses underpin the loadings prescribed by engineering design codes, the decisions by asset owners to retrofit structures, the pricing of insurance policies, and many other activities. This is a comprehensive overview of the principles and procedures behind seismic hazard and risk analysis. It enables readers to understand best practises and future research directions. Early chapters cover the essential elements and concepts of seismic hazard and risk analysis, while later chapters shift focus to more advanced topics. Each chapter includes worked examples and problem sets for which full solutions are provided online. Appendices provide relevant background in probability and statistics. Computer codes are also available online to help replicate specific calculations and demonstrate the implementation of various methods. This is a valuable reference for upper level students and practitioners in civil engineering, and earth scientists interested in engineering seTrade Review'An enormously valuable contribution, which teachers and students of seismic hazard analysis have been crying out for. Baker, Bradley and Stafford have produced a clear and comprehensive textbook for students, practitioners and end-users that I predict will lead to a significant and lasting improvement in the state-of-practice over the coming years.' Dr Julian J Bommer, Seismic Hazard and Risk Consultant'Seismic hazard and risk analysis has become so complex as to be regarded by many as an opaque, mysterious topic only to be understood by a small group of specialists. With this book, the veil has been lifted. It should be on the shelves of all serious students, practitioners, and researchers in the areas of seismic hazard analysis, earthquake engineering, and risk analysis.' Professor Steve Kramer, University of Washington'The authors' profound knowledge and understanding of the interdisciplinary fields used in seismic hazard and risk analysis, and their own remarkable contributions to it, have yielded a comprehensive foundation for its more uniform, rigorous and advanced practice worldwide.' Dr Paul Somerville, AECOM, Los Angeles'The authors of this valuable new tome are all accomplished professors, and their experience in teaching these subjects is apparent in the structure and organization of the book—each chapter beginning with an opening statement and a list of learning objectives. Each chapter also concludes with some expertly designed exercises, which serve to illustrate the practical application of concepts presented in the chapter and to bring to life the lessons learnt through connection to the stated learning objectives … I sincerely hope that the tremendous contribution that Baker, Bradley, and Stafford have made through writing their outstanding book on Seismic Hazard and Risk Analysis will be widely disseminated and studied, because it will be a powerful device to improve the state of practice in these fields.' Julian J. Bommer, Seismological Research Letters'A very timely and important contribution to the earth science and earthquake engineering professions. Given the general applicability of many of the concepts it presents, it should be of great use to readers involved with other natural hazards as well. The book contains a tremendous wealth of information all presented and supported in a rigorous and detailed manner. Writing the first book on a particular topic requires many difficult decisions about scope, content, and organization, and the authors have succeeded admirably in simultaneously providing breadth and depth with respect to both hazards and risk.' Steven L. Kramer, Earthquake Spectra'[an] inherently readable and informative textbook on the subject. Concepts are clearly explained, and advanced mathematics is kept in the background (the appendixes pertain) so readers will not get bogged down while trying to understand the important ideas. Numerous figures and tables support the text, all expertly presented … The authors provide an accompanying website to supplement the material in the book and extend readers' learning experience. There could not be a better purchase for learning about seismic hazards and how to assess them at any price … Highly recommended.' M. S. Field, Choice ConnectTable of Contents1. Introduction; Part I: Hazard Inputs; 2. Seismic Source Characterization; 3. Characterization of Earthquake Rates and Rupture Scenarios; 4. Empirical Ground-Motion Characterization; 5. Physics-Based Ground-Motion Characterization; Part II: Hazard Calculation; 6. PSHA Calculation; 7. PSHA Products; 8. Non-Ergodic Hazard Analysis; Part III: Risk; 9. Seismic Risk; 10. Ground-Motion Selection; 11. Spatially Distributed Systems; 12. Validations; Appendix A Basics of Probability; Appendix B Basics of Statistics for Model Calibration; References; List of Symbols; Notation Conventions; Index.

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Book SynopsisThis volume comprises the very essential elements of The Risk Management Handbook for Health Care Organizations, Fifth Edition , providing a complete and comprehensive overview of risk management in health care, including all the necessary foundations and applications to start a career or enhance current practice.Table of ContentsExhibits, Figures, Tables, and, Photos ix The Contributors xiii Preface xxvii About the Book xxix ONE Development of a Risk Management Program 1 Learning Objectives 1 Risk Management Program Development 3 Key Structural Elements of the Risk Management Program 4 Scope of the Risk Management Program 8 The Risk Management Process 13 Evolution of the Risk Management Program 21 Selecting an Appropriate Risk Management Program Structure 22 Assessing Areas of the Organization That Need Risk Management 23 Key Components for Getting Started 26 Writing a Risk Management Program Plan 27 Achieving Program Acceptance 27 TWO The Health Care Risk Management Professional 31 Learning Objectives 31 The Risk Manager’s Job: Functional Areas of Responsibility 33 Health Care Risk Management across a Spectrum of Settings 53 Required Skills for the Successful Health Care Risk Management Professional 76 Risk Management Ethics 77 A Profile of the Health Care Risk Management Professional 78 Education and Professional Recognition Programs 78 THREE Patient Safety and the Risk Management Professional 87 Learning Objectives 87 The Scope of Medical Errors 89 Seeking Solutions: What Are the Causes of Medical Errors? 91 FOUR Health Care Legal Concepts 115 Learning Objectives 115 Legal Issues Common to All Health Care Providers 116 Legal Issues Related to Specific Health Care Providers 134 FIVE Governance of the Health Care Organization 157 Learning Objectives 157 Essential Responsibilities of the Hospital Board 159 Basic Legal Duties of Health Care Trustees 160 Lessons from the Panel on the Nonprofit Sector 162 Federal Sentencing Guidelines for Organizations 165 The Sarbanes-Oxley Act of 2002 167 The Volunteer Protection Act of 1997 169 Risk Management and the Board 170 The Medical Staff, Risk Management, and the Board 175 SIX Early Warning Systems for the Identification of Organizational Risks 181 Learning Objectives 181 Early Identification of Exposure to Loss 182 Food and Drug Administration 206 Institute for Safe Medication Practices, United States Pharmacopeia, and National Coordinating Council for Medication Error Reporting and Prevention 208 Medical Event Reporting System—Transfusion Medicine 212 Intensive Care Unit Safety Reporting System 212 Pittsburgh Regional Healthcare Initiative 212 Other Voluntary Programs 212 Standardizing a Patient Safety Taxonomy: The National Quality Forum 213 Protecting Sensitive Information 213 SEVEN the Risk Management Professional and Medication Safety 219 Learning Objectives 219 Latent and Active Failures 220 Systems Thinking 221 Risk Management: A Prioritizing Approach 252 Eight Ethics in Patient Care 261 Learning Objectives 261 Ethical Principles and Moral Obligations 263 Research 263 Institutional Review Boards 266 Patient Self-Determination Act 275 “Do Not Resuscitate”: Withholding or Withdrawing Treatment 277 NINE Documentation and The Medical Record 287 Learning Objectives 287 Documentation 291 Record Retention 310 Release of Records 310 Ownership of Medical Records 311 Medical Record Audits 312 Documentation and Risk Management 313 Emerging Risk Exposures 320 The Risk Management Professional’s Role 321 TEN Statutes, Standards, and Regulations 327 Learning Objectives 327 Patient Care 328 Medicare Modernization Act 331 Medical Staff 332 Life Safety Code 350 Federal Health Insurance Laws and Regulations 354 Tort Reform 357 Policy and Procedure Manuals 359 Case Law 360 ELEVEN Basic Claims Administration 367 Learning Objectives 367 The Claims Environment 368 The Claims Process 369 The Risk Management Professional’s Responsibilities 371 Regulatory Reporting of Claims 378 TWELVE Introduction to Risk Financing 381 Learning Objectives 381 Risk Financing in the Context of the Risk Management Process 384 Risk Retention 384 THIRTEEN Insurance: Basic Principles and Coverages 395 Learning Objectives 395 Definition of Insurance 396 Specific Types of Insurance for the Health Care Industry 408 FOURTEEN Information Technologies and Risk Management 427 Learning Objectives 427 Risk Management Information Needs 430 Risk Management Information Systems 431 Using Information Systems to Generate Reports 432 Integrating Risk Management, Quality Assurance, and Patient Safety 433 Electronic Mail 434 Internet- and Web-Based Technology 435 Personal Health Record 435 Electronic Health Records and Systems 436 Clinical Information Systems and “Smart” Technologies 437 Infrastructure Technology 440 Point-of-Care Technology 442 Telemedicine 442 Appendix 14.1: IT Glossary for Risk Managers 447 FIFTEEN Risk Management Metrics 451 Learning Objectives 451 Benchmarking Defined 453 Claims 456 Measuring Change 459 Developing New Metrics 461 SIXTEEN Acreditation, Licensure, Certification, and Surveying Bodies 467 Learning Objectives 467 The Consumer Era of Health Care 468 What the Health Care Risk Management Professional Needs to Know 469 Mandatory Surveying Bodies 471 Voluntary Surveying Bodies 475 URAC 489 Appendix 16.1: Accreditation and Licensure Organizations, Surveying Bodies, and Government Agencies 501 SEVENTEEN Emergency Management 503 Learning Objectives 503 The Steps of Emergency Management 505 Prevention 506 Planning and Preparation 511 Implementation and Response 525 Recovery 526 Recommended Web Sites 528 EIGHTEEN Occupational Safety, Health, and Environmental Impairment 529 Learning Objectives 529 Administrative Procedure Act 530 Administrative Enforcement 532 Specific Occupational Safety and Health Issues 535 APPENDIX A A RISK MANAGEMENT PROGRAM (EXAMPLE) 543 APPENDIX B REQUEST FOR RECORDS form (EXAMPLE) 549 APPENDIX C A GUIDE TO MEDICAL TERMINOLOGY 551 GLOSSARY 565 INDEX 623

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Book SynopsisThis book will help you learn the importance of organizations treating enterprise cyber risk management (ECRM) as a value creator, a business enabler, and a mechanism to create a competitive advantage. Organizations began to see the real value of information and information technology in the mid-1980s. Forty years later, it’s time to leverage your ECRM program and cybersecurity strategy in the same way. The main topics covered include the case for action with specific coverage on the topic of cybersecurity as a value creator, including how the courts, legislators, and regulators are raising the bar for C-suite executives and board members. The book covers how the board’s three primary responsibilities (talent management, strategy, and risk management) intersect with their ECRM responsibilities.ECRM was once solely focused on managing the downside of risk by defending the organization from adversarial, accidental, structural, and environmental threat sources. Author Bob Chaput presents the view that we must focus equally on managing the upside of cyber strengths to increase customer trust and brand loyalty, improving social responsibility, driving revenue growth, lowering the cost of capital, attracting higher quality investments, creating competitive advantage, attracting and retaining talent, and facilitating M&A work. He focuses on the C-suite and board role in the first part and provides guidance on their roles and responsibilities, the most important decision about ECRM they must facilitate, and how to think differently about ECRM funding. You will learn how to the pivot from cost-center thinking to value-center thinking.Having built the case for action, in the second part, the book details the steps that organizations must take to develop and document their ECRM program and cybersecurity strategy. The book first covers how ECRM must be integrated into business strategy. The remainder of that part presents a sample table of contents for an ECRM Program and Cybersecurity Strategy document and works through each section to facilitate development of your own program and strategy. With all the content and ideas presented, you will be able to establish, implement, and mature your program and strategy.What You Will Learn Read new information and treat ECRM and cybersecurity as a value creator Receive updates on legal cases, legislative actions, and regulations that are raising the stakes for organizations, their C-suites, and boards Think differently about funding ECRM and cybersecurity initiatives Understand the most critical ECRM decision that boards must facilitate in their organizations Use practical, tangible, actionable content to develop and document your ECRM program and cybersecurity strategy “This book should be mandatory reading for C-suite executives and board members. It shows you how to move from viewing cybersecurity as a risk to avoid, and a cost center that does not add value and is overhead, to seeing cybersecurity as an enabler and part of your core strategy to transform your business and earn customer and stakeholder trust.” —Paul Connelly, First CISO at the White House and HCA Healthcare Who This Book Is ForThe primary audience includes Chief Information Security Officers, Chief Risk Officers, and Chief Compliance Officers. The secondary audience includes C-suite executives and board members. The tertiary audience includes any stakeholder responsible for privacy, security, compliance, and cyber risk management or students of these topics.Table of Contents

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