Skip to main content
Corporate and Organizational
Risk Management Initiative in Microfinance
Pricing and Exam Schedule
2019 PRM Transition
What is the PRM?
Learning Course Catalog
Thought Leadership Webinars
Custom Enterprise Solutions
Risk Type Compass
Risk Management Challenge
Volunteer Leaders & Committees
Board of Directors
AORM | L4: Scenario Analysis: Method for Quantifying Events
Scenario analysis is critically important in risk, both for management and measurement. Quantification of rare events does not have to be guess-work and does not necessarily require heavy quantitative background. The Lesson explains how, in a few simple steps, scenario assessment can be decomposed into a useful discussion about exposure, control layers and points of failures, for better mitigation and more robust quantification.
Lesson 4.1: Scenario identification
• Definition of Scenario Analysis
• Challenges and Uses of Scenarios
• Regulatory Requirements
• Six Steps of Scenario Analysis
• Running a Scenario Generation Workshop
Lesson 4.2: Scenario assessment
• Elements of Assessment
• Delphi Technique
• Fault Tree Analysis (FTA) and Structured Scenarios
Lesson 4.3: Scenario validation
• Scenario Documentation Sheet
• Role and Process of Scenario Validation
• Use of Scenario Data in Capital
• Use of Scenario Data in Management
Discounted member price:
You could save:
ERM 2.0-Stress Testing, Capital Planning &...
Market Risk Management under Basel III/FRTB
Financial Risk Management in Practice: Market Risk
MRM L1: Introduction to Model Risk Management...
MRM L2: Set Up MRM Framework across the Modelling ...
MRM L3: Establishing Model Inventory & Model...