GSK Risk Management

Risk Management presents a straightforward, nononsense examination of the modern risk management function — and is today’s best risk management resource for bankers and financial managers. Its tested and comprehensive analyses and insights will give you all the information you need for:
最大化股东价值或净资产（反映为长期的经济价值盈利）
确保银行不会由于资产负债在期限和数量的错配而承受过高的风险
确保银行不会承受在过高的流动性风险（即银行不能在短时间内以 较低成本获取资金以履行到期债务及保持偿付能力的风险）
7
计量并设定ALM风险限额
这些限额的设定通常基于最差的情景，比如各种期限的利率都上 升或者下降200个基点；对每种场景，都需要考虑它对会计利润、 资金净值或资本资产比率。
• Risk Management Overview — From the history of risk management to the new regulatory and trading environment, a look at risk management past and present
险管理的优良程度
4
本演示的目的（续）
描述设计和实施资产负债管理方案中的实践问题 审阅管理利率风险、流动性风险和转移定价的方法 对遇到的问题提供解决措施 用实际的例子来说明要点 讨论我们项目管理的方法
新资产负债风险管理框架

markets.
Offshore manufacturing
Product is typically sourced and manufactured in a single foreign location
Shipped bacistribution
Locate research, design, and production facilities close to these regions.
Frequently collaborate, resulting in the location of joint facilities close to one of the partners.
Related to the products
Various subcomponents and technologies available in different regions and locations
Successful firms need to use these resources quickly and effectively.
Global location of research-and-development facilities driven by two main reasons:
As product cycles shrink, locate research facilities close to manufacturing facilities.
Chapter 10
Global Logistics and Risk
Management
10-1
International Supply Chains
International distribution systems

全球风险管理分析调查报告{英文版]Global Risk Management Analysis Survey ReportIntroductionRisk management is a crucial aspect of operating in today's complex and interconnected global business environment. This survey report aims to provide an analysis of the current state of global risk management practices across various industries and regions.MethodologyThe survey was conducted through an online questionnaire that was distributed to executives and risk management professionals worldwide. A total of 500 valid responses were received and analyzed. The participants represented a diverse range of industries, including finance, manufacturing, technology, healthcare, and energy.Key Findings1. Risk Awareness: The majority of respondents (68%) acknowledged that risk management is a top priority in their organizations. This reflects the growing recognition of the importance of proactive risk management in mitigating potential threats and seizing opportunities.2. Risk Identification: The most commonly identified risks were cybersecurity threats (56%), economic volatility (52%), regulatorycompliance (46%), and natural disasters (40%). It is evident that organizations are increasingly concerned about cyber risks, given the growing number of high-profile cyber attacks.3. Risk Assessment: Only 38% of respondents stated that their organizations conduct regular comprehensive risk assessments. This suggests a need for organizations to improve their risk assessment processes to identify and evaluate potential risks effectively.4. Risk Mitigation Strategies: The most frequently reported risk mitigation strategies were insurance coverage (61%), contingency planning and emergency response strategies (52%), and regular training and awareness programs (45%). However, it is worth noting that a significant number of respondents (42%) stated that their organizations do not have a formal risk mitigation strategy in place.5. Risk Governance: Approximately 44% of respondents mentioned that their organizations have a dedicated risk management committee or department. This implies that a considerable proportion of firms have recognized the value of establishing a centralized function to oversee and coordinate risk management activities.6. Emerging Risks: When asked about emerging risks that could impact their organizations in the future, climate change (68%) and geopolitical instability (62%) were identified as the most significant concerns. This highlights the growing recognition of the long-term risks posed by climate change and the potentialdisruption caused by geopolitical conflicts.ConclusionThis survey report highlights the increasing importance of risk management in organizations across various industries and regions. While there is progress in terms of risk awareness and identification, there is room for improvement in risk assessment, mitigation strategies, and governance. Organizations need to prioritize proactive risk management practices to effectively navigate the ever-changing global business landscape. Continual monitoring of emerging risks, such as climate change and geopolitical instability, is also crucial to ensure long-term resilience and sustainability.Continued Analysis:7. Risk Communication: Effective communication of risks within an organization is a critical component of a successful risk management strategy. The survey revealed that only 32% of respondents believed that their organizations have effective risk communication processes in place. This indicates a gap that needs to be addressed to ensure that risks are properly understood and addressed at all levels of the organization.Improving risk communication involves clear and timely communication of risks, the establishment of effective communication channels, and the involvement of all relevant stakeholders. This can help ensure that everyone in the organization is aware of the risks they face, their potential impact, and the measures in place to mitigate them.8. Technology and Risk Management: The role of technology in risk management is becoming increasingly important. The survey found that 72% of respondents believed that leveraging technology is essential for effective risk management. Technology can enable organizations to gain real-time insights into risks, automate risk assessment processes, and enhance data security and privacy measures.However, there are challenges associated with adopting and implementing technology solutions for risk management. These include concerns about data privacy, cybersecurity, and the potential for technology to replace human judgment and decision-making. Organizations need to carefully evaluate and balance the benefits and risks of technology in their risk management strategies.9. Collaboration and Partnerships: Effective risk management requires collaboration and partnerships with various internal and external stakeholders. The survey indicated that 58% of respondents believed that their organizations have effective collaboration and partnership mechanisms in place. This suggests that there is recognition of the need to work together to address complex and interconnected risks.Internal collaboration involves breaking down silos and fostering a risk-aware culture across departments and functions within an organization. External collaboration includes engaging with industry peers, regulators, experts, and other stakeholders to share information and best practices, and to collectively address common risks and challenges.10. Continuous Monitoring and Adaptation: Risk management is not a one-time exercise but requires continuous monitoring and adaptation to changing circumstances. The survey found that only 41% of respondents believed that their organizations have effective mechanisms in place to monitor and adapt to evolving risks.Continuous monitoring involves regularly reviewing and updating risk assessments, staying informed about emerging risks, and monitoring the effectiveness of risk mitigation strategies. Organizations need to be agile and responsive to evolving risks to ensure that their risk management efforts remain effective and relevant.Conclusion:In conclusion, this analysis of global risk management practices reveals both progress and areas for improvement. While organizations are increasingly recognizing the importance of risk management, there is a need to strengthen risk assessment processes, improve risk communication, and enhance collaboration mechanisms.Technology can play a significant role in enhancing risk management, but organizations must carefully consider the associated risks and ensure the proper implementation of technology solutions. Continuous monitoring and adaptation are crucial to ensure that risk management efforts remain effective in a rapidly changing global environment.By prioritizing proactive risk management, organizations can better prepare for potential threats and seize opportunities. Risk management is not a standalone function but needs to be integrated into the overall strategic decision-making processes of organizations. By doing so, organizations can enhance their resilience and sustainability and effectively navigate the complex and interconnected global business landscape.。

集团全面风险管理制度英文1. IntroductionRisk management is an essential part of any organization’s operations. It involves identifying, assessing, and mitigating risks to ensure the long-term success and sustainability of the business. In the context of a group, the complexity and diversity of its operations can pose unique challenges to effective risk management. This document outlines the comprehensive risk management system of the group, including its objectives, principles, processes, and tools.2. ObjectivesThe primary objectives of the group’s risk management system are:- To identify and assess risks across all areas of operation, including financial, operational, strategic, and compliance-related risks.- To develop and implement effective risk mitigation strategies to minimize the impact of potential risks on the group’s performance and reputation.- To create a risk-aware culture and ensure that risk management is integrated into all aspects of the group’s decision-making processes.- To comply with all relevant regulations and standards related to risk management.3. PrinciplesThe risk management system is guided by the following principles:- Accountability: Every member of the organization is responsible for managing risks within their area of operation.- Transparency: All relevant information regarding risks and risk management activities is communicated openly and effectively.- Proactivity: Risks are identified and addressed proactively rather than reactively.- Collaboration: Risk management is a collaborative effort that involves input from all levels of the organization.- Continuous Improvement: The risk management system is constantly evaluated and refined to ensure its effectiveness.4. Risk Identification and AssessmentThe first step in the risk management process is to identify and assess potential risks. This involves gathering information, analyzing data, and evaluating the likelihood and impact of various risks on the group’s operations. The group uses a combination of qualitative andquantitative methods to assess risks, including risk registers, risk matrices, scenario analysis, and stress testing.5. Risk Mitigation StrategiesOnce risks have been identified and assessed, the group develops and implements risk mitigation strategies to minimize their impact. This may involve a variety of measures, including risk transfer through insurance, diversification of investments, process improvements, and the use of hedging instruments. The group also maintains a robust internal control system to monitor and manage ongoing risks.6. Monitoring and ReportingThe group’s risk management system includes robust monitoring and reporting processes to track the effectiveness of risk mitigation strategies and identify emerging risks. This includes regular risk reporting to the board of directors and senior management, as well as the use of key risk indicators to monitor risk levels on an ongoing basis.7. Compliance and Risk GovernanceThe group is committed to complying with all relevant regulations and standards related to risk management. This includes adhering to international risk management standards such as ISO 31000 and implementing best practices in risk governance. The group has established a risk management committee to oversee the risk management system and ensure that it remains aligned with the group’s overall strategic objectives.8. Risk CultureThe group recognizes the importance of creating a risk-aware culture where all employees understand the importance of risk management and are empowered to contribute to the process. This involves ongoing training and education on risk management principles and practices, as well as the integration of risk management considerations into the group’s performance management and incentive systems.9. ConclusionThe group’s comprehensive risk management system is designed to ensure that all potential risks are identified, assessed, and mitigated to protect the long-term success and sustainability of the organization. By adhering to the principles of accountability, transparency, proactivity, collaboration, and continuous improvement, the group is able to effectively manage risks and capitalize on opportunities for growth and innovation.。