Value and Capital Management: A Handbook for the Finance and Risk Functions of Financial Institutions

List of Abbreviations

ABC	Activity-Based Costing
ADM	Application Development and Maintenance
AEP	Aggregate Exceedance Probability
ALCO	Asset Liability Committee
ALM	Asset/Liability Management
APE	Annualized Premium Equivalent
ATE	Absolute Tracking Error
AUM	Assets Under Management
BPO	Business Process Outsourcing
BPR	Business Process Re-engineering
CAPM	Capital Asset Pricing Model
CER	Capital Efficiency Ratio
CFO	Chief Financial Officer
CIO	Chief Investment Officer
CIR	Cost Income Ratio
CLV	Customer Lifetime Value
CNHR	Cost of Non-Hedgeable Risks
COC	Cost of Capital
CoR	Combined Ratio
CRM	Customer Relationship Management
CRO	Chief Risk Officer
CUO	Chief Underwriting Officer
DAC	Deferred Acquisition Costs
DJSI	Dow Jones Sustainability Index
EaR	Earnings at Risk
EC	Economic Capital
ECI	Economic Capital Intensity
EDP	Electronic Data Processing
EEV	European Embedded Value
EIA	Equity Indexed Annuity
EP	Economic Profit
EPS	Earnings Per Share
ERM	Enterprise Risk Management
ESG	Economic Scenario Generator
ESG	Environmental, Social and Governance
FASB	Financial Accounting Standards Board
FCF	Free Cash Flow
FCReC	Frictional Costs of Required Capital
FNAV	Fair Net Asset Value
FS	Free Surplus
FSB	Financial Stability Board
FTP	Funds Transfer Pricing
GAAP	Generally Accepted Accounting Principles
GIC	Guaranteed Investment Contract
GMAB	Guaranteed Minimum Accumulation Benefit
GMDB	Guaranteed Minimum ...