Enterprise Risk Management - EY

Enterprise Risk Management An integrated approach towards effective and sustainable risk Management Enterprise Risk Management an integrated approach towards effective and sustainable risk Management | 1. Why now? Firms in the financial services industry have made significant progress in strengthening their risk Management practices since the financial crisis. Advances have been made in how risk is governed, measured, monitored, mitigated and managed. Given the pace of change and the extent of new regulations, much of this risk Management progress has been focused on individual components of risk Management . This fragmented approach can lead to blind spots', inefficient coordination and Management and insufficient insight into risks . To operate effectively and sustainable, firms need a major change in how they approach risk Management . The need for a next step in risk Management is supported by the following developments: I mpact of regulatory requirements: Firms are facing a regulatory environment which has materially changed over the years.

Enterprise Risk Management — an integrated approach towards effective and sustainable risk management | 3 Enterprise risk management (ERM) is a process, effected by an entity’s board of directors, management and other personnel, enterprise-wide at strategic level, designed to identify potential events that

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  Management, Risks, Enterprise, Risk management, Enterprise risk management

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