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Posted by Michael Wein on July 29, 2011 at 17:28 in Opinions

Identifying the Right ERM Processes (Risk Assessment)

 

Quarterly enterprise-wide risk assessment updates have included:

 

  • A “top 10” list of key enterprise-wide risk issues as well as emerging risks.
  • Linkages of key risks to strategic objectives as well as risk interrelationships.
  • For each key risk issue, a score assessing how management is addressing key risk issues is included.
  • Background information and key risk indicators that support each key risk issue are also provided.
  • Additionally, a list of “black swan” events that would lead to unexpected losses or severe negative impacts to the Bank are included.

 Notes from ERM in Banking Conference, Marcus Evans - NYC

 

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