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Enron Mail |
-----Original Message----- From: ERisk <ERisk@email.eRisks.com<@ENRON Sent: Friday, December 07, 2001 11:12 AM To: vkamins@enron.com Subject: ERisk Essentials [IMAGE] portal.erisk.com What's New at ERisk.com - 07 December 2001 Weekly Review In this week's round-up of economic, banking and insurance industry news from an enterprise risk management perspective: US stocks finally enjoy a tech-led rally; Enron's bankruptcy opens up new questions on audit as banks count up their exposures; the Fed reassures on systemic risk; Merrill Lynch settles with Unilever; AIG's Greenberg warns on terrorism coverage; Equitas ups reserves to cope with asbestos claims. Analysis Rates for property & casualty (P&C) insurance have hardened dramatically since September 11, and terrorism coverage is likely to be excluded from many policies from early next year. Is this the opportunity that alternative risk transfer (ART) needs to take root in the market? Or are potential clients still wary of applying capital markets techniques to what have traditionally been seen as insurable risks? iConference Our next iConference, "Selecting and Evaluating Credit Risk Models", takes place on December 11 at 1200 Eastern Time (1700 GMT). Craig Friedman and Robert Cangemi of Standard & Poor's will present a strategic view of the main issues for senior managers and offer the latest thinking on some quantitative pitfalls. Sponsored by ICICIresearchcentre.org , this free, hour-long event is essential for anyone charged with selecting a credit risk methodology. Click here to register. Feature As Enron's experience testifies, killer risks can slip through even a sophisticated enterprise risk management programme. As Alan McNee finds in our latest feature , "Who Watches The Watchmen?", tightening the net involves looking again at the roles of risk management and internal audit. Still available: "Risk Management in the Digital Age" , by Rick Davis of DigitalRisk Advisors Bookstore Our featured book this month is "The Chastening: Inside The Crisis that Rocked the Global Financial System and Humbled the IMF" by Paul Blustein. Washington Post writer Blustein looks at the inner workings of the regulators of the international monetary system during the 1997-8 financial crisis in the Far East that later spread around the world. And it isn't pretty reading. Still available: November's featured book , "Operational Risk - Measurement and Modelling", by Jack L.King, and October's featured book , "Fooled by Randomness", by Nassim Nicholas Taleb More than 17,000 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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