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Enron Mail |
[IMAGE] www.erisk.com What's New at ERisk.com - 18 January 2002 Weekly Review In this week's round-up of news from an enterprise risk management perspective: bad news for the audit profession; mixed news on corporate earnings; Citigroup reports strong results despite Enron and Argentina worries; Morgan Chase hit by fourth-quarter losses; Hamilton Bank closed down by regulators; Lloyd's of London proposes radical reforms; federal coverage for terrorism is back on the agenda for US insurers. Analysis Argentina's domestic banks are in a desperate situation - and foreign banks without an exit strategy from their Argentine investments have plenty of problems, too. But, as Duncan Wood reports in this week's analysis , the needs of the banking sector are likely to remain a low priority for the government as long as the domestic situation remains so volatile. Viewpoint In the wake of the Enron bankruptcy - as well as some of the other, less dramatic problems experienced by firms last year - companies of all sorts can look forward to increasingly tough scrutiny in 2002. In the first of our new Opinion columns, ERisk's Sumit Paul-Choudhury looks at what they can expect from analysts, auditors and regulators, and asks how management should respond. Still available: Our Q? with the developers of Risk Values. Feature With enterprise risk management (ERM) now emerging as a distinct activity in financial institutions, third parties such as regulators and rating agencies have begun to probe ERM's real worth and to offer new perspectives on its most useful components. In our latest feature , "Enterprise risk management for financial institutions", Stanislas Rouyer of Moody's Investors Service offers his view of the key components of ERM, and discusses how ERM relates to third-party analysis and the growing pressure for risk disclosure by financial institutions. Still available: Our review of 2001 , featuring contributions from a range of bank risk managers. Bookstore The latest Book of the Month in the ERisk Bookstore is The Pretender. Subtitled "How Martin Frankel Fooled the Financial World and Led the Feds on One of the Most Publicized Manhunts in History", our featured book takes a lively look at the most outrageous insurance sector scandal of the late 1990s. More than 18,000 risk professionals receive this email every week. To find out how your message could reach them, mail us at info@erisk.com ____________________________________ The ERisk Essentials is published every Friday by ERisk.com . To subscribe to this newsletter, please register on our website. To unsubscribe, access your account . Your username is the email address where you received this message. If you have forgotten your password, follow this link to reset it. For technical support queries, please email support@erisk.com [IMAGE]
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