Chapter 7: Integrated Risk Management Practice Question Set covers the following learning objectives:
Describe the role of risk governance, risk appetite, and risk culture in the context of an enterprise risk management (ERM) framework
Summarize the role of Basel regulatory capital and the process of determining internal economic capital.
Describe elements of a stress-testing framework for financial institutions and explain best practices for stress testing.
Explain challenges and considerations when developing and implementing models used in stress testing operational risk.