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21 Oct, 5 tweets, 2 min read
blogs.cfainstitute.org/investor/2018/…
cfainstitute.org/en/research/su…
cfainstitute.org/research/found…
tandfonline.com/doi/full/10.10…
blogs.cfainstitute.org/investor/2021/…

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More from @SAH16928046

Risk Manager(ERM/FRM/Actuarial Sciences/IS031000) Profile picture
22 Oct
Why is Financial Risk Management important for students to select as an elective in a Banking, or Finance or Investments Specialization Pathway?
@GARP_Risk
@CQFInstitute
@CFAinstitute
@PRMIA
FRM became popular during the 1980s when some top Wall - Street Banks hired quants to develop Summary Portfolio Metrics and reports on a day-end basis. E.g. the techniques pioneered by JP Morgan, LTCM and other top banks paved the way forward.
The credit for the development and emergence of this new subject area from within the literary domains of both Financial Economics & #Actuarial Science that has revolutionized decision-making, problem-solving and structuring methods across industries goes to working professionals
Read 20 tweets
Risk Manager(ERM/FRM/Actuarial Sciences/IS031000) Profile picture
21 Oct
I still don't know why so many IAD Officials detested my work at some firms where I was chosen to work as a CRO/ Lead Risk Consultant?
After all, the Risk Desk and the IAD should work as partners, but, I do feel there is an unspoken rivalry between these two lines of defence.
Turfs warfare?
Internal Audit was the bespoke risk management desk before Risk Desks were set up by the corporate boards across the globe.
Auditing and Credits Departments at Banks are bigger adversaries of Risk as an independent reporting function compared to the business desks.
You can add #CFO in charge of Finance to the list of another back-office function/ department which hates to work with the #CRO, Chief Risk Officer.
I remember my encounter with a Head of Finance at a bank, who insisted on computing capital charges & CAR using @BIS_org weights
Read 5 tweets
Risk Manager(ERM/FRM/Actuarial Sciences/IS031000) Profile picture
21 Oct
theactuary.com/features/2021/…
theactuary.com/features/2021/…
theactuary.com/news/2021/10/1…
Read 6 tweets
Risk Manager(ERM/FRM/Actuarial Sciences/IS031000) Profile picture
18 Sep
Currency Devaluation or Depreciation might be helpful in outward paying economies that have an export-led model of growth.
Economies where the majority of the derived demand is based on domestic commercial activity, might find currency price reduction as a harrowing systemic risk
The first thing that an IMF Program desires from its client states is that they should devalue or assist market-based depreciation of their nominal exchange rate.
In this way, the economy can instil a shock by means of which macroeconomic adjustment will take place!
Reducing CAD
All client states that borrow to finance the balance of payments gap, working under the IMF Program, lose their economic sovereignty and turn into satellite states.
The International Political Economy of the IMF Structural Adjustment Program needs understanding.
These are tools
Read 17 tweets
Risk Manager(ERM/FRM/Actuarial Sciences/IS031000) Profile picture
18 Sep
Slowing population growth can have broad benefits for society, including enhancing the many ways that older citizens enrich our communities, write The University of Queensland Jane O'Sullivan and ADB's Dr Susann Roth
This is highly debatable.
China has rolled back its one-child policy and is now incentivizing population growth.
Singaporeans are not replacing themselves at the desired rate, and hence they have to import foreigners into their markets to fill in positions.
Canada, Australia and Newzealand invite immigrants to fill in their countries because they have low population density figures compared to other countries having a large landmass.
Read 7 tweets
Risk Manager(ERM/FRM/Actuarial Sciences/IS031000) Profile picture
16 Sep
Had an interesting encounter with a management consulting firm which wants to set up an ERM Desk for one of its client in the E&P Sector
So I enquired about the client expectations?
Con: Client wants a friendly Risk Dept.
Me: What's friendly?
Con: No authorizations or approvals
Well, that is the general problem across different industries.
Even in the financial sector, remember meeting a client that wanted me to design the JD of a #CRO who would report to the #CFO.
Another, e.g. where the Risk Manager was made subordinate to the Chief Investment Officer
Furthermore, they want GRC/ERM or any other Control Staff to be highly understanding of the business process, and remain courteous even if risks are being materialized and losses are mounting
Never work as a Risk Professional where the notion of making a Profit at all costs exist
Read 7 tweets

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