Implementation and Uses of Economic Capital ... - ERM Symposium

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Development of EC using Stress testing and linkage with capital management framework Anant Bhalla Vice President – Strategic Decisioning Ameriprise Financial Inc. April 15, 2008 Concurrent Session 1: Implementation and Uses of Economic Capital The views expressed in this presentation are those of the presenter and do not represent the views of Ameriprise Financial, Inc.
Key technical elements of the EC measurement framework Definition of Required Economic Capital (REC) Amount of resources required to protect against economic insolvency due to changes in value over a specified time horizon and confidence interval Financial framework Tailored to each risk Time horizon Confidence level 2
Page 1 and 2: Use of Economic Capital for Perform
Page 3 and 4: Definition of Economic Capital (“
Page 5 and 6: Economic Capital is a more complete
Page 7 and 8: EC/ERM requires continually improvi
Page 9 and 10: The Executive Board defines Risk Ap
Page 11 and 12: Risk Dashboard provides an overview
Page 13 and 14: Example of EC approach within the R
Page 15: Concluding Remarks • ING has been
Page 19 and 20: The rationale behind using a stress
Page 21 and 22: The key risks that financial servic
Page 23 and 24: Example of Stressing Key Risks: Equ
Page 25 and 26: Aggregating results across risks fo
Page 27 and 28: Linkage of EC with capital manageme
Page 29 and 30: Evolution of usage for capital mana
Page 31 and 32: It should be noted that this presen
Page 33 and 34: ERM’s efforts “connect the dots
Page 35 and 36: Rating Agencies Four major rating a
Page 37 and 38: Source: Citigroup Global Markets,
Page 39 and 40: European Insurers Report Increasing
Page 41 and 42: Economic Capital at AIG By focusing
Page 43 and 44: CRO Forum Recommendations Re EC Tim
Page 45 and 46: Assessment of Financial Strength of
Page 47 and 48: Economic Capital - the Importance o
Page 49 and 50: $BN 101.68 GAAP Shareholders' Equit
Page 51 and 52: $BN 25.0 20.0 15.0 10.0 5.0 0.0 AIG

Implementation and Uses of Economic Capital ... - ERM Symposium

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