Financial risk management uses a model discovered in 1827 by the Scottish botanist Robert Brown.

NPR: Why Risk Models Failed to Spot the Credit Crisis

Another Supervisory Letter cited deficiencies with VaR Model Risk Management.

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Enabling a risk-adjusted operating model can help companies align their risk management programs with business and regulatory concerns.

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Consider the Risk Managed GEMS model portfolio from Niemann Capital Management of Scotts Valley, Calif.

WSJ: When Cheap Funds Cost Too Much

Internal audit is one area that needs improvement, according to the OCC, along with risk management oversight by the Board, asset valuation processes, and model controls and integrity.

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Hitachi, in flat-panel TV business, reduce fixed costs through the second half of fiscal 2009 from fiscal 2007, the reduction of overseas operations, including measures to improve profitability through the use of procurement, building a business model that specializes in technology management with low-risk differentiated has been working on.

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Also, when things went wrong, and the risk-management models flashed red, the firm could not unwind its positions as quickly as the model had assumed.

ECONOMIST: A new approach to financial risk

In the state-federal partnership model, the federal government will operate everything from consumer eligibility and enrollment to financial management and risk corridors.

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