Liquidity Gap Report for Stress Testing Structural Liquidity Risk

GIS Business ◽  
2017 ◽  
Vol 12 (6) ◽  
pp. 43-53
Author(s):  
Eugenia Schmitt
Keyword(s):  
Risk Assessment ◽  
Risk Evaluation ◽  
Stress Testing ◽  
Gap Analysis ◽  
Liquidity Risk ◽  
Methodological Basis ◽  
Qualitative Risk Assessment ◽  
The Future ◽  
Liquidity Gap

The need to focus on banks funding structure and stress testing in an explicit way arose as a consequence of the crisis of past decades. Liquidity risks usually occur as a consequence of other kinds of risks, hence analysing scenarios in a prospective manner is essential for the assessment if the bank can fulfill its obligations as they come due and if its funding costs are appropriate. The structural liquidity risk and the degree of the liquidity mismatch can be measured based on the liquidity gap analysis, where expected cash-in- and outflows, divided in different time-buckets are depicted. The liquidity gap report (LGR) shows if a liquidity shortcoming appears in the future and how high is the amount a bank would have to pay, if any hedging were not possible. This paper shows how to build a comprehensive LGR which is the base for both, liquidity and wealth risk evaluation. To improve the accuracy of the forecast, the counterbalancing capacity will be incorporated into the LGR. This tool is a methodological basis for quantitative and qualitative risk assessment and stress testing.

scholarly journals Biological risk assessment: A challenge for occupational health and safety practitioners during the COVID-19 (SARS-CoV-2) Pandemic

Work ◽  
2021 ◽  
pp. 1-11
Author(s):  
Carlos Carvalhais ◽  
Micaela Querido ◽  
Cristiana C. Pereira ◽  
Joana Santos
Keyword(s):  
Risk Assessment ◽  
Occupational Safety ◽  
Assessment Method ◽  
Occupational Safety And Health ◽  
Risk Level ◽  
Biological Risk ◽  
Occupational Risks ◽  
Qualitative Risk Assessment ◽  
Safety And Health ◽  
Medium Risk

BACKGROUND: The COVID-19 global pandemic brought several challenges to occupational safety and health practice. One of these is the need to (re)assess the occupational risks, particularly, biological risks. OBJECTIVE: The purpose of this work is to promote guidance to occupational safety and health practitioners when conducting a biological risk assessment in this context. METHODS: The main steps of the biological risk assessment are explained with some inputs regarding the novelty posed by SARS-CoV-2 and an example of a qualitative risk assessment method is presented. Also, its application to two different activities was exemplified. RESULTS: In both cases, the assessment considered that vulnerable workers were working from home or in medical leave. The results showed low or medium risk level for the assessed tasks. For medium risk level, additional controls are advised, such maintain social distancing, sanitize instruments/equipment before use, use proper and well-maintained PPE (when applicable), and promote awareness sessions to spread good practices at work. Employers must be aware of their obligations regarding biological risk assessment and OSH practitioners must be prepared to screen and link the abundance of scientific evidence generated following the outbreak, with the technical practice. CONCLUSIONS: This paper could be an important contribution to OSH practice since it highlights the need to (re)assess occupational risks, especially biological risk, to ensure a safe return to work, providing technical guidance.

scholarly journals Qualitative Risk Assessment of Cybersecurity and Development of Vulnerability Enhancement Plans in Consideration of Digitalized Ship

2021 ◽  
Vol 9 (6) ◽  
pp. 565
Author(s):  
Yunja Yoo ◽  
Han-Seon Park
Keyword(s):  
Risk Assessment ◽  
Safety Management ◽  
International Standards ◽  
Security Risk ◽  
Analytic Hierarchy ◽  
Improvement Plan ◽  
Qualitative Risk Assessment ◽  
Cyber Risk ◽  
Hierarchy Process ◽  
Ship Safety

The International Maritime Organization (IMO) published the Guidelines on Maritime Cyber Risk Management in 2017 to strengthen cybersecurity in consideration of digitalized ships. As part of these guidelines, the IMO recommends that each flag state should integrate and manage matters regarding cyber risk in the ship safety management system (SMS) according to the International Safety Management Code (ISM Code) before the first annual verification that takes place on or after 1 January 2021. The purpose of this paper is to identify cybersecurity risk components in the maritime sector that should be managed by the SMS in 2021 and to derive priorities for vulnerability improvement plans through itemized risk assessment. To this end, qualitative risk assessment (RA) was carried out for administrative, technical, and physical security risk components based on industry and international standards, which were additionally presented in the IMO guidelines. Based on the risk matrix from the RA analysis results, a survey on improving cybersecurity vulnerabilities in the maritime sector was conducted, and the analytic hierarchy process was used to analyze the results and derive improvement plan priority measures.

Relevance of Animal Studies in Regulatory Toxicology: Current Approaches and Future Opportunities

1996 ◽  
Vol 24 (2) ◽  
pp. 173-178
Author(s):  
Johannes J.M. van de Sandt ◽  
Victor J. Feron
Keyword(s):  
Risk Assessment ◽  
Risk Evaluation ◽  
Animal Studies ◽  
Regulatory Toxicology ◽  
Animal Test ◽  
Toxicity Studies ◽  
Increasing Knowledge ◽  
Scientific Value

With rapidly increasing knowledge of toxicological processes, the scientific value and relevance of toxicity studies for risk assessment must be re-evaluated. In this paper, it is proposed that the rigid risk evaluation currently required should be replaced by a more flexible, case-by-case approach, in order to increase the relevance of each animal test conducted. The development of new types of toxicity studies and their application in risk evaluation are also described.

scholarly journals Semantic model for flood management

2012 ◽  
Vol 14 (4) ◽  
pp. 918-936 ◽  
Author(s):  
Julián Garrido ◽  
Ignacio Requena ◽  
Stefano Mambretti
Keyword(s):  
Risk Assessment ◽  
Conceptual Framework ◽  
Environmental Assessment ◽  
Risk Evaluation ◽  
Evaluation Process ◽  
Flood Management ◽  
Semantic Model ◽  
Effective Management ◽  
Flood Events ◽  
Qualified Personnel

Risk assessment involves the study of vulnerability and hazards. When focused on flood events, such an analysis should evidently include the theoretical and practical study of floods and their behavior. Nevertheless, risk assessment is not useful if the results are not subsequently used for more effective management and planning by local authorities and qualified personnel. The risk evaluation process is composed of a set of actions, each of which requires different inputs. In fact, the results of one action are used as the input for another. This paper describes a semantic model for the study and management of floods with a view to elaborating a conceptual framework and designing a knowledge base. The model is based on the environmental assessment ontology and demonstrates how a brief ontology can be generated.

scholarly journals Integrating public risk perception into formal natural hazard risk assessment

2006 ◽  
Vol 6 (3) ◽  
pp. 471-483 ◽  
Author(s):  
Th. Plattner ◽  
T. Plapp ◽  
B. Hebel
Keyword(s):  
Risk Assessment ◽  
Risk Perception ◽  
Risk Evaluation ◽  
Formal Model ◽  
Relevant Literature ◽  
Historical Context ◽  
Individual Risk ◽  
Affecting Factors ◽  
Plausibility Check ◽  
Novel Approach

Abstract. An urgent need to take perception into account for risk assessment has been pointed out by relevant literature, its impact in terms of risk-related behaviour by individuals is obvious. This study represents an effort to overcome the broadly discussed question of whether risk perception is quantifiable or not by proposing a still simple but applicable methodology. A novel approach is elaborated to obtain a more accurate and comprehensive quantification of risk in comparison to present formal risk evaluation practice. A consideration of relevant factors enables a explicit quantification of individual risk perception and evaluation. The model approach integrates the effective individual risk reff and a weighted mean of relevant perception affecting factors PAF. The relevant PAF cover voluntariness of risk-taking, individual reducibility of risk, knowledge and experience, endangerment, subjective damage rating and subjective recurrence frequency perception. The approach assigns an individual weight to each PAF to represent its impact magnitude. The quantification of these weights is target-group-dependent (e.g. experts, laypersons) and may be effected by psychometric methods. The novel approach is subject to a plausibility check using data from an expert-workshop. A first model application is conducted by means of data of an empirical risk perception study in Western Germany to deduce PAF and weight quantification as well as to confirm and evaluate model applicbility and flexibility. Main fields of application will be a quantification of risk perception by individual persons in a formal and technical way e.g. for the purpose of risk communication issues in illustrating differing perspectives of experts and non-experts. For decision making processes this model will have to be applied with caution, since it is by definition not designed to quantify risk acceptance or risk evaluation. The approach may well explain how risk perception differs, but not why it differs. The formal model generates only "snap shots" and considers neither the socio-cultural nor the historical context of risk perception, since it is a highly individualistic and non-contextual approach.

Public Health Consequences of Macrolide Use in Food Animals: A Deterministic Risk Assessment†

2004 ◽  
Vol 67 (5) ◽  
pp. 980-992 ◽  
Author(s):  
H. SCOTT HURD ◽  
STEPHANIE DOORES ◽  
DERMOT HAYES ◽  
ALAN MATHEW ◽  
JOHN MAURER ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Drug Use ◽  
Treatment Failure ◽  
Deterministic Model ◽  
Veterinary Drug ◽  
Resistant Bacteria ◽  
Guidance Document ◽  
Qualitative Risk Assessment ◽  
Food Animals ◽  
The U.S

The potential impact on human health from antibiotic-resistant bacteria selected by use of antibiotics in food animals has resulted in many reports and recommended actions. The U.S. Food and Drug Administration Center for Veterinary Medicine has issued Guidance Document 152, which advises veterinary drug sponsors of one potential process for conducting a qualitative risk assessment of drug use in food animals. Using this guideline, we developed a deterministic model to assess the risk from two macrolide antibiotics, tylosin and tilmicosin. The scope of modeling included all label claim uses of both macrolides in poultry, swine, and beef cattle. The Guidance Document was followed to define the hazard, which is illness (i) caused by foodborne bacteria with a resistance determinant, (ii) attributed to a specified animal-derived meat commodity, and (iii) treated with a human use drug of the same class. Risk was defined as the probability of this hazard combined with the consequence of treatment failure due to resistant Campylobacter spp. or Enterococcus faecium. A binomial event model was applied to estimate the annual risk for the U.S. general population. Parameters were derived from industry drug use surveys, scientific literature, medical guidelines, and government documents. This unique farm-to-patient risk assessment demonstrated that use of tylosin and tilmicosin in food animals presents a very low risk of human treatment failure, with an approximate annual probability of less than 1 in 10 million Campylobacter-derived and approximately 1 in 3 billion E. faecium–derived risk.

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