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- Title
VYUŽITIE ALTERNATÍVNEHO PRÍSTUPU PRI HODNOTENÍ RIZÍK.
- Authors
Urban, Roman; Stčpánek, Lukáš; Urban, Rudolf
- Abstract
In the present-day turbulent times, the risk management is a basic function of every financial institution, including an insurance company. The regulatory system is used in the situation when principles based on prudent business activities and company solvency are malfunctioning and a systematic risk is an upcoming threat. The paper deals with basic information about an alternative quantitative method that is useful in the classification and ranking of risks (risk scenarios). This dynamic model is not based on the data of past and eliminates some deficiencies of existing methods, such as of Risk Matrix Assessment model. The new model shows one of many possibilities how thefinancial market could react and be prepared for solving the asymmetric threat in thefuture.
- Publication
Ecomomic Review / Ekonomické Rozhl'ady, 2014, Vol 43, Issue 3, p352
- ISSN
0323-262X
- Publication type
Article