Description: The Joint Risk Management Section's chairperson explains the Joint Risk Management Section Council members plans for the coming year, with a heavy focus on research and continuing education.

Description: There will be inflection points in the value of an instrument when interest rates change. These inflection points could materially impact the approximation of value change using ALM metrics. In this part of the seven-part series, I will highlight: • How to identify the inflection points; • the range of rate changes where ALM metrics may be relied upon i.e., the “validity” range, outside of which recalculation of the ALM metrics is required and the potential that one needs to rebalance the portfolio; • a technique to improve on the approximation of value change beyond the validity range; and • a technique to convert non-linear change on the yield curve to be used with duration and convexity.

Description: A recounting of all the accomplishments the Joint Risk Management Section had in 2021 crediting those responsible for their successful completion.

Description: The importance of exposure modelling from a climate analysis perspective.

Description: The importance of exposure modelling from a climate analysis perspective.

Description: An update on the activities of the JRMS

Description: The article is authored by the chair of the Joint Risk Management Section and provides an update of recent changes relevant to members of the council, as well as interested non-members.