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A RISK MANAGEMENT STANDARD

F E D E R AT I O N O F. E U RO P E A N R I S K. M A NAG E M E N T. A S S O C I AT I O N S. A RISK MANAGEMENT . STANDARD . A RISK MANAGEMENT STANDARD . Introduction The Risk MANAGEMENT STANDARD is the result of There are many ways of achieving the work by a team drawn from the major risk objectives of risk MANAGEMENT and it would be MANAGEMENT organisations in the UK - The impossible to try to set them all out in a single Institute of Risk MANAGEMENT (IRM),The document. Therefore it was never intended to Association of Insurance and Risk Managers produce a prescriptive STANDARD which would (AIRMIC) and ALARM The National Forum for have led to a box ticking approach nor to Risk MANAGEMENT in the Public Sector.

management and control of the finances of the organisation and the effects of external factors such as availability of credit, foreign exchange rates, interest rate movement and other market exposures. • Knowledge management - These concern the effective management and control of the knowledge resources, the production,

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