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CP1 Actuarial Practice Exam Prep
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Module 12
Capital Management and Corporate Stability
1
Purposes of Capital for Financial Institutions
Describe the different purposes of capital for a financial institution (regulatory, economic, working).
2
Understanding Standard Formula Capital Requirements
Describe the structure of a standard formula approach to calculating regulatory capital requirements.
3
Economic Capital in ERM
Explain the concept of economic capital and its role in an ERM framework.
4
Capital Management Tools
Describe the main tools for managing a company's capital position (e.g., reinsurance, subordinated debt, hedging).
5
Understanding and Managing Surplus
Define surplus and explain the key approaches to surplus management (distribution, retention, investment).
Financial Monitoring: Principles and Tools
Describe the principles and tools for ongoing monitoring of a firm's financial position.
7
Triggers and Process of Financial Institution Insolvency
Describe the key triggers and processes for the insolvency of a financial institution.
8
Benefit Scheme Closure: Triggers & Processes
Describe the key triggers and processes for the closure and wind-up of a benefit scheme.
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