Explain the difference between topdown and bottomup approaches to risk management. Why are both necessary in ERM?

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Explain the difference between top‐down and bottom‐up approaches to risk management. Why are both necessary in ERM?

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Risk Management And Financial Institutions

ISBN: 9781119932482

6th Edition

Authors: John C Hull

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Question Posted: Mar 08, 2024 01:00 AM

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Explain the difference between topdown and bottomup approaches to risk management. Why are both necessary in ERM?

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In topdown approaches risk limits are set at the senior management or boar...View the full answer

Risk Management And Financial Institutions

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