Firmwide Scenario Models: Silo vs Integrated Stress Testing
Book: Financial Risk Management: Applications in Market, Credit, Asset and Liability Management and Firmwide Risk Authors: Jimmy Skoglund & Wei Chen ISBN: 978-1-119-13551-7
Firmwide risk
Firmwide Risk Aggregation With Copulas and Capital Allocation
Book: Financial Risk Management: Applications in Market, Credit, Asset and Liability Management and Firmwide Risk Authors: Jimmy Skoglund & Wei Chen ISBN: 978-1-119-13551-7
FRM Handbook Ch 27: Firmwide Risk Management (Integrated Risk Management)
Book: Financial Risk Manager Handbook Plus Test Bank
Author: Philippe Jorion
ISBN: 978-0-470-90401-5
By Chapter 27, Jorion stops talking about individual risk types and starts talking about how they connect inside a real institution. Firmwide risk management sounds like a buzzword until you read about UBS losing $19 billion on subprime-related securities scattered across four different books with no firmwide concentration monitoring. That is what siloed risk management looks like in practice.
Starting the Skoglund & Chen Financial Risk Management Book Series
Financial Risk Management by Jimmy Skoglund and Wei Chen (ISBN 978-1-119-13551-7)
I picked up this book because most risk texts either go deep on one topic or stay abstract. Skoglund and Chen wrote something different: a full-stack practitioner guide that walks from bank foundations through market and credit models, liquidity and transfer pricing, and firmwide aggregation. They built it from years inside banks and risk tech vendors, not from a lecture hall.