This paper proposes a new framework to reduce the variance and uncertainty in the risk assessment process. Today, this … and a simulation of the risk assessment process, and the improvement in reducing the variance is significant. …

, primarily related to compliance risk assessment. This paper presents the results of exploratory research based on the potential …

The sector of SME is the major force for the national economic and social development. Financial risk is one of the key … threats to the activity of small and medium enterprises. The most common manifestation of the financial risk of SMEs is … repayment, and consequently, high financial risk of these entities. Numerous differences in conducting the activity of small and …

Risk diversification is the basis of insurance and investment. It is thus crucial to study the effects that could limit … it. One of them is the existence of systemic risk that affects all of the policies at the same time. We introduce here a … probabilistic approach to examine the consequences of its presence on the risk loading of the premium of a portfolio of insurance …

How can risk of a company be allocated to its divisions and attributed to risk factors? The Euler principle allows for … an economically justified allocation of risk to different divisions. We introduce a method that generalizes the Euler … principle to attribute risk to its driving factors when these factors affect losses in a nonlinear way. The method splits loss …

twofold: to define risk-based capital measures able to absorb the effects of financial distress and avoid corporate default … on insolvency risk will be defined by recalling the concepts of Cash Flow-at-Risk and Capital-at-Risk. A first check on … the usefulness of these risk-based measures and their consistency with the principle of value maximization is carried out …

The aim of this work is to introduce an innovative methodology for performing risk attribution within a multifactor … risk framework. We applied this analysis to the assessment of systemic, climate, and geopolitical risks relative to a … the combined risk to each factor and to the effect of their interaction by employing our proposed frequency-based approach …

The PRISM method is a risk assessment approach that focuses on hidden-risk identification and ranking. The combined AHP … alternatives without losing its ability to focus on identifying hidden risk. The method was tested on data related to strategic …

cyber-risk management plan, and devising a more proactive and collaborative approach that is suitable according to their … organization context. To this end, firstly various enterprise, Information Technology (IT), and cybersecurity risk management … frameworks are thoroughly reviewed along with their advantages and limitations. Then, we propose a proactive cybersecurity risk …

Risk analysis and scenario testing are two of the core activities carried out by economists at central banks. With the … term sup-tech has entered the financial jargon and is here to stay. In this paper, we address risk assessment from a … risk methodology. For that reason, we adopted the Risk Assessment Methodology (RAS), the quantitative pillar from the …