Abstract
This chapter provides coverage of the components of risk and capital models to understand how experts can be challenged in order to gain insights to the limitations of the modelling output and enhance the application of judgment in decision making. In particular, the chapter will – discuss the purpose of a model and its shortcomings, − explain various balance sheets and their purpose, − explain the components of the model and how to challenge the data and parameterisation.
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© 2014 Christopher Chappell
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Chappell, C. (2014). Risk and Capital Modelling. In: The Executive Guide to Enterprise Risk Management. Palgrave Macmillan, London. https://doi.org/10.1057/9781137374547_7
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DOI: https://doi.org/10.1057/9781137374547_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-47696-1
Online ISBN: 978-1-137-37454-7
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)