Enterprise Risk Management in Europe advances understanding of ERM in Europe, providing a novel and unique set of perspectives on the ongoing dynamics between ERM and corporate processes. This is an essential guide for researchers, practitioners and policy makers both in and beyond European borders.
This valuable edition brings together 25 peer reviewed articles on technical, socio-economic, environmental and policy aspects of flood risk management. Some emerging technologies are presented and several future challenges are identified. Thus the book forms an excellent reference for the engineers, scientists, planners, policy-makers, researchers, insurance industry and all the practitioners involved in flood risk management.
This book takes a completely new and innovative approach to analysing the development of EU law. Within the framework of different important areas of EU law, such as the internal market, consumer protection law, social law, investment law, environment law, migration law, legal translation and terminology, it examines the Union’s approach to the regulation and management of legal risks. Over the years, the Union has come to a point where it is becoming increasingly difficult to justify its authority to regulate in various areas of law. In managing legal risks deriving from the diversity of Member States’ laws, which create barriers to trade and hinder the Union’s economy, the Union itself has actually produced new legal risks that now have to be addressed. This failure on the part of EU institutions to manage legal risks has contributed to legal uncertainty for actors operating on the internal market. This book intends to contribute to the Union’s smoother functioning and continuing development by proposing effective concrete solutions for managing the legal risks distorting the development of various areas of EU law. It pursues an innovative and effective approach to identify legal risks, their causes at the EU level and their impacts on the functioning of the Union and its Member States. By presenting new approaches in this context, the first book on legal risk management in the EU will actively promote the improvement of the EU lawmaking process and the application of EU law in practice.
This book explores various paradigms of risk, domain-specific interpretation, and application requirements and practices driven by mission and safety critical to business and service entities. The chapters fall into four categories to guide the readers with a specific focus on gaining insight into discipline-specific case studies and state of practice. In an increasingly intertwined global community, understanding, evaluating, and addressing risks and rewards will pave the way for a more transparent and objective approach to benefiting from the promises of advanced technologies while maintaining awareness and control over hazards and risks. This book is conceived to inform decision-makers and practitioners of best practices across many disciplines and sectors while encouraging innovation towards a holistic approach to risk in their areas of professional practice.
This book draws on financial, economic, and management theory in its exploration of the theory underlying risk and risk management at both micro- and macroeconomic levels. It has a particular reference to the public financial sector. Chapters investigate the elimination of currency risk in the Transatlantic Trade and Investment Partnership (TTIP), as well as the changes that credit ratings undergo due to the influence of credit spreads. Featuring contributions on important topics such as public safety and the internet, intellectual capital, bank regulatory risk in the EU, the financial distress of public sector entities, and systemic risk in the insurance sector, it also explores innovative and emerging issues in the European tax gap in personal income taxes and VAT carousel fraud in selected European countries. Discussion of the complex nature of risk management in public administration will appeal to public officials, policy-makers, academics and researchers alike.
This book sets out a novel conceptual and analytical framework to explain why risk analysis, cost-benefit analysis, and similar analytical tools have gained sizeable currency in public administrations, in comparative perspective. Situated in critical interpretive policy analysis methodology, the book systematizes and innovates respective debates in three ways. First, it develops a novel typology of actors' appreciations of analytical tools as instrumental problem-solving, legitimacy-seeking, and power-seeking. It conceptualizes the latter two as "polity policies" with actors seeking to confirm or rework decision-making structures. Second, the book theorizes how executive fragmentation and the multiplication of coordination requirements - often treated as hindrances to substantial analytical turns in an administration - nourish actors' ideal typical appreciations of analytical tools in distinct ways. Lastly, it scrutinizes varieties of risk analysis across three risk-heavy policy domains in Germany (including the EU) and discusses the potential of risk analysis to stabilize or transform decision-making in multi-level settings. This book will be of key interest to policy analysts and risk analysts, and scholars of European politics, comparative politics, policy studies, public administration, multi-level governance, EU studies, risk analysis, policy evaluation, and the political sociology of quantification.
This book delivers a wealth of information on changes in flood risk in Europe, and considers causes for change. The temporal coverage is mostly focused on post-1900 events, reflecting the typical availability of data, but some information on earlier flood events is also included.
This book examines the challenges for the life insurance sector in Europe arising from new technologies, socio-cultural and demographic trends, and the financial crisis. It presents theoretical and applied research in all areas related to life insurance products and markets, and explores future determinants of the insurance industry’s development by highlighting novel solutions in insurance supervision and trends in consumer protection. Drawing on their academic and practical expertise, the contributors identify problems relating to risk analysis and evaluation, demographic challenges, consumer protection, product distribution, mortality risk modeling, applications of life insurance in contemporary pension systems, financial stability and solvency of life insurers. They also examine the impact of population aging on life insurance markets and the role of digitalization. Lastly, based on an analysis of early experiences with the implementation of the Solvency II system, the book provides policy recommendations for the development of life insurance in Europe.