In EOM 4 Task 3, it says:
"Assess where MG is currently exceeding its risk appetite, and recommend a few mitigation strategies for each such area. Present these strategies in a memo to the ERM committee."
Are we supposed to identify the measures where they are exceeding the appetite (i.e. EPS growth rate, Net Income Growth Rate, etc.) and recommend strategies to mitigate each of those risks, or should we identify the risk scenarios and then explain the mitigation strategies in scenario-by-scenario format? For instance, have a paragraph for Terrorist Attack, a paragraph for domestic economic crisis, etc. It would be easier for me to tackle one scenario at a time, as I think those 4 measures are all very much related to one another.
What do you guys think?
"Assess where MG is currently exceeding its risk appetite, and recommend a few mitigation strategies for each such area. Present these strategies in a memo to the ERM committee."
Are we supposed to identify the measures where they are exceeding the appetite (i.e. EPS growth rate, Net Income Growth Rate, etc.) and recommend strategies to mitigate each of those risks, or should we identify the risk scenarios and then explain the mitigation strategies in scenario-by-scenario format? For instance, have a paragraph for Terrorist Attack, a paragraph for domestic economic crisis, etc. It would be easier for me to tackle one scenario at a time, as I think those 4 measures are all very much related to one another.
What do you guys think?
EOM 4 Task 3
