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[IMAGE] portal.erisk.com What's New at ERisk.com - 11 January 2002 Weekly Review In this week's round-up of economic, banking and insurance industry news from an enterprise risk management perspective: Argentina devalues, and the banking sector counts the cost; the Enron plot thickens; Merrill Lynch cuts staff and takes a $2.2 billion restructuring charge; there's a change of management at American Re; California refuses to allow terror cover exclusions. Analysis The prospects for the growth of alternative risk transfer (ART) have never been better, many insurance industry experts believe. And credit insurance , in turn, has been touted as potentially the fastest-growing area of ART. But will the rise in defaults and credit downgrades discourage reinsurers from writing new credit protection, or is credit insurance still a profitable business to be in? Viewpoint Can psychological profiling be used to freeze criminals out of the banking system? The developers of new product Risk Values believe so, and in our current Q? they argue that focusing on the motivation of bank customers is an inherently better approach than traditional transaction monitoring. Still available: Our CRO Profile of Enrique Mejorada, head of risk control at energy firm Calpine. Reflections on Risk As part of our review of 2001, we invited a group of bank risk managers to tell us about the major issues that concerned them last year. Read this special feature by ERisk's Duncan Wood, including contributions from risk managers at CSFB, Lloyds TSB, KeyCorp and CIBC. Events Calendar Our featured event for January is IIR's Best Practice in Capital Allocation , a three-day conference that promises to cover capital from a strategic perspective, and features speakers from AON, Rabobank, Deutsche Bank and Merrill Lynch. Other events in January include conferences and seminars on modelling credit risk in emerging markets, weather risk, collateral management and operational risk. Plus, details of other risk management events taking place throughout 2002. 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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