Implementation and Uses of Economic Capital ... - ERM Symposium
Implementation and Uses of Economic Capital ... - ERM Symposium
Implementation and Uses of Economic Capital ... - ERM Symposium
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Risk Dashboard provides an overview <strong>of</strong> risks in the Group<br />
Role <strong>of</strong> the Risk Dashboard<br />
Practical use <strong>of</strong> the Risk Dashboard<br />
• The dashboard allows the<br />
Executive Board to take strategic<br />
decisions using comparable risk<br />
measures<br />
•<br />
•<br />
Risk metrics presented in the Risk<br />
DDashboard hb d tto th the EExecutive ti BBoard d<br />
on quarterly basis<br />
Key tool in monitoring the adherence<br />
<strong>of</strong> risk taking to the risk appetite<br />
• EE.g. g 1 unit <strong>of</strong> equity risk can be<br />
compared to 1 unit <strong>of</strong> insurance<br />
• Ri Risk k iissues are an iintegral t l part t <strong>of</strong> f<br />
the strategic planning process<br />
•<br />
risk<br />
This is a powerful management<br />
ttooll • Allows risk vs. return trade-<strong>of</strong>fs to<br />
be made<br />
• Shows how risk taking cascades<br />
through the Group<br />
• Aids in identifying “hotspots”<br />
• Ensures management focus is on<br />
more material t i l risks/portfolios<br />
i k / tf li<br />
•<br />
•<br />
Risk increasingly supporting<br />
strategic decision making, rather<br />
than simply being “budgeted” budgeted<br />
Dashboard will be audited <strong>and</strong><br />
reported annually, as part <strong>of</strong> the<br />
normal IFRS disclosure process<br />
Retirement - Insurance - Investments 10
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