CRO Forum stresses importance of implied volatility

It should form a separate risk module in the standard formula


Top three flaws in risk management identified

The "everyday risk" of human capital is one, says EMB


Get your priorities right in preparing for Solvency II

Don't start with a gap analysis, argues Charl Cronje. Work on the statutory capital requirement first, then move on to how risk is managed throughout the firm.


Changes needed to standard formula, says Swiss Re

Report focuses on treatment of non-proportional reinsurance


FSA outlines next steps on models

Included are a thematic review of models, more papers from CEIOPS and QIS5


Internal models "indispensable for managing the business"

The CRO Forum lays out seven core principles for the models


Only 4% of asset managers rely exclusively on VaR

bfinance survey highlights shortcomings, suggests alternatives


Trying to find the sting in the tail

Tail risk is hard to understand and very difficult to mitigate. But the effects can be seen, disastrously, in the banking industry. Jessica Baylis talks to those looking for answers


New EMB model blends maths with judgement

The firm is using it to branch out into investment consultancy


To VaR or not to VaR?

Value-at-Risk (VaR) is appropriate and effective for its proper purpose "" but it addresses only one of the two key challenges of financial risk management, argues David Rowe