Precautionary route for risk management backed by Chirac

The Precautionary Principle: implications for risk management strategies.

The European Commission has published a Communication on the Precautionary Principle and a White Book on Governance. These provide us (as research civil servants of the Commission) an institutional framework for handling scientific information that is often incomplete, uncertain, and contested. But, although the Precautionary Principle is intuitively straightforward to understand, there is no a...

Precautionary Measures for Credit Risk Management in Jump Models

Sustaining efficiency and stability by properly controlling the equity to asset ratio is one of the most important and difficult challenges in bank management. Due to unexpected and abrupt decline of asset values, a bank must closely monitor its net worth as well as market conditions, and one of its important concerns is when to raise more capital so as not to violate capital adequacy requireme...

The precautionary principle: A new paradigm for risk management and participation

Ortwin Renn a présenté cette communication lors de la conférence qu’il a donnée, le 27 janvier 2004 à Paris, dans le cadre du séminaire Economie de l’environnement et développement durable, co-organisé par l’Iddri et le MEDD. Ce texte n’engage que ses auteurs. En mettant ce document en ligne sur son site, l’Iddri a pour objectif de diffuser des travaux qu’il juge intéressants pour alimenter le ...

Comprehensive Disaster Risk Management Standards for Hospitals

Background and Objective: Hospitals play an important role in protecting the health and survival of people during disasters. Despite the development of risk management programs worldwide in recent years, hospital preparedness in disasters is low and one reason for that is the lack of hospital standards for disaster preparedness. This study aims to develop hospital accreditation standards for ho...

The Precautionary Principle in Sustainable Environmental Management