Responsible Investment Banking and Asset Management: Risk Management Frameworks, Soft Law Standards and Positive Impacts

2015 ◽  
pp. 545-561
Author(s):  
Jonathon Hanks
Keyword(s):  
Risk Management ◽  
Asset Management ◽  
Investment Banking ◽  
Soft Law ◽  
Responsible Investment ◽  
Positive Impacts

Asset Management and Investment Banking

CFA Digest ◽  
2013 ◽  
Vol 43 (4) ◽  
Author(s):  
Claire Emory
Keyword(s):  
Asset Management ◽  
Investment Banking

scholarly journals An Approach to Sustainability Risk Assessment in Industrial Assets

2021 ◽  
Vol 13 (12) ◽  
pp. 6538
Author(s):  
Fco. Javier García-Gómez ◽  
Víctor Fco. Rosales-Prieto ◽  
Alberto Sánchez-Lite ◽  
José Luis Fuentes-Bargues ◽  
Cristina González-Gaya
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Asset Management ◽  
Analysis And Evaluation ◽  
The People ◽  
Preliminary Study ◽  
Assessment Procedures ◽  
Identification Analysis ◽  
A Company ◽  
Industrial Company

Asset management, as a global process through which value is added to a company, is a managerial model that involves major changes in strategies, technologies, and resources; risk management; and a change in the attitude of the people involved. The growing commitment of companies to sustainability results in them applying this approach to all their activities. For this reason, it is relevant to develop sustainability risk assessment procedures in industrial assets. This paper presents a methodological framework for the inclusion of sustainability aspects in the risk management of industrial assets. This approach presents a procedure to provide general criteria, methodology, and essential mandatory requirements to be adopted for the identification, analysis, and evaluation of sustainability aspects, impacts, and risks related to assets owned and managed by an industrial company. The proposed procedure is based on ISO 55,000 and ISO 31,000 standards and was developed following three steps: a preliminary study, identification of sustainability aspects and sustainability risks/opportunities, and impact assessment and residual risks management. Our results could serve as a model that facilitates the improvement of sustainability analysis risks in industrial assets and could be used as a basis for future developments in the application of the standards to optimize management of these assets.

Responsible Investment and Central Bank Asset Management

2020 ◽  
pp. 439-457
Author(s):  
Archie Beeching ◽  
Anna Georgieva ◽  
Justin Sloggett
Keyword(s):  
Central Bank ◽  
Asset Management ◽  
Responsible Investment

55000 Implementation Proposal Integrated With a Risk Management System for a Water Utility Case

2021 ◽  
pp. 277-298
Author(s):  
Pablo Zahera ◽  
Vicente Gonzalez-Prida
Keyword(s):  
Risk Management ◽  
Asset Management ◽  
Management System ◽  
Iterative Process ◽  
Water Utility ◽  
Risk Management System ◽  
Starting Point ◽  
Iso 31000

The main objective of this chapter is to suggest a methodology for the application of ISO 55000 for a water utility in order to obtain all the benefits of asset management from the starting point of application. In addition, risk is an important part of this methodology, so it also complies with the clauses of ISO 31000. The methodology consists of six steps to be carried out: plan (1), implement (2), risk management (3), monitor (4), analyze (5) and make decisions and improvements (6). The application of this methodology is an iterative process in which the information obtained is going to be used in the previous and subsequent steps so that its benefits are greater as time goes by. At each point in the guide, the actions to be taken in compliance with the clauses and sub-clauses of ISO 55001 will be proposed along with some documents so that companies have a clearer idea of how to proceed.

scholarly journals A new approach for satisfactory pensions with no guarantees

2019 ◽  
Vol 10 (1) ◽  
pp. 3-21
Author(s):  
M. Carmen Boado-Penas ◽  
Julia Eisenberg ◽  
Axel Helmert ◽  
Paul Krühner
Keyword(s):  
Risk Management ◽  
Interest Rates ◽  
Asset Management ◽  
Expected Return ◽  
New Approach ◽  
Low Interest Rates ◽  
Key Variables ◽  
Pension Benefits ◽  
Pension Payments ◽  
Over Time

AbstractThe increase in longevity, the ultra-low interest rates and the guarantees associated to pension benefits have put significant strain on the pension industry. Consequently, insurers need to be in a financially sound position while offering satisfactory benefits to participants. In this paper, we propose a pension design that goes beyond the idea of annuity pools and unit-linked insurance products. The purpose is to replace traditional guarantees with low volatility, mainly achieved by collective smoothing algorithms and an adequate asset management. With the aim of offering security to the insured, we discuss the optimisation of some key variables of the proposed pension product to target both a satisfactory level of the initial pension and stable pension payments over time. By combining such well-known products as unit-linked and annuities, we show that it is possible to design a pension product with both high-expected return and low risk for the policyholder. However, differently than in the classical unit-linked framework, we do not allow the individuals to choose the underlying funds. Instead, the funds are under the surveillance of an insurance company’s professional risk management, which induces better informed decisions.

scholarly journals Portfolio construction and risk management: theory versus practice

2018 ◽  
Vol 53 (3) ◽  
pp. 345-365
Author(s):  
Stefan Colza Lee ◽  
William Eid Junior
Keyword(s):  
Risk Management ◽  
Performance Evaluation ◽  
Asset Management ◽  
Value At Risk ◽  
Portfolio Theory ◽  
Portfolio Construction ◽  
Modern Portfolio Theory ◽  
Content Type ◽  
Construction Risk ◽  
And Performance

Purpose This paper aims to identify a possible mismatch between the theory found in academic research and the practices of investment managers in Brazil. Design/methodology/approach The chosen approach is a field survey. This paper considers 78 survey responses from 274 asset management companies. Data obtained are analyzed using independence tests between two variables and multiple regressions. Findings The results show that most Brazilian investment managers have not adopted current best practices recommended by the financial academic literature and that there is a significant gap between academic recommendations and asset management practices. The modern portfolio theory is still more widely used than the post-modern portfolio theory, and quantitative portfolio optimization is less often used than the simple rule of defining a maximum concentration limit for any single asset. Moreover, the results show that the normal distribution is used more than parametrical distributions with asymmetry and kurtosis to estimate value at risk, among other findings. Originality/value This study may be considered a pioneering work in portfolio construction, risk management and performance evaluation in Brazil. Although academia in Brazil and abroad has thoroughly researched portfolio construction, risk management and performance evaluation, little is known about the actual implementation and utilization of this research by Brazilian practitioners.

scholarly journals RESPONCIBLE INVESTMENT STRATEGIES: REGIONAL AND TYPES GLANCE

2019 ◽  
pp. 49-55
Author(s):  
Yuliia Vasylivna Yelnikova ◽  
◽  
◽  
Keyword(s):  
Dynamic Characteristics ◽  
Asset Management ◽  
Regional Differentiation ◽  
Investment Strategies ◽  
Global Alliance ◽  
Structural Dynamic ◽  
Responsible Investment ◽  
The Sustainable Development ◽  
Management Association ◽  
Sustainable Investment

Urgency of the research. The importance of exploring approaches to identifying and disseminating responsible investment strategies is determined by the need to find tools to fund the Sustainable Development Goals at the global level. Target setting. The issues of identification of responsible investment strategies and especially their dissemination become relevant with the reduction of the effectiveness of traditional approaches to investing in modern conditions. Actual scientific researches and issues analysis. I. Vasylchuk, M. Delini, D. Leus, O. Muzychenko, T. Romanyok, I. Shkura and others study a range of responsible investment strategies. Uninvestigated parts of general matters defining. Pluralism of approaches to defining the list of strategies for responsible investment in the works of scientists in comparison with clear approaches of international organizations necessitates their detailing. The research objective. The article aims to conduct a comparative and structural-dynamic analysis of the spread of responsible investment strategies in the world and in the regional context. The statement of basic materials. The expediency of applying approaches to the identification of responsible investment strategies of the Global Alliance for Sustainable Investment is substantiated. The author summarizes the structural and dynamic characteristics of responsible investment strategies at the global and regional levels. The existence of regional differentiation of responsible investment strategies has been established. Conclusions. Comparative analysis of approaches to defining the strategies of reputable organizations in this area, in particular the Global Alliance for Sustainable Investment, EuroSIF and USSIF, Principles for Responsible Investment (PRI), the European Fund and Asset Management Association (EFAMA) allowed us to conclude that there are 7 most significant investment strategies. Dynamic characteristics of these strategies indicate a significant increase in their volume during the analyzed 6-year period for all types of strategies

Sign in / Sign up

Export Citation Format

Share Document