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Glossary


Enterprise Risk Managementsearch for term

Enterprise Risk Management

(ERM

) is the discipline of assessing, organizing, controlling, exploiting, financing and monitoring the activities of an organization in order to optimize the effects of risk on value to the organization's stakeholders.

Within Financial Services firms, Enterprise Risk Management

particularly expands the processes of identification, quantification, monitoring and mitigation to an organization’s Market, Credit and Operational Risk areas as well as fortuitous losses, strategic, legal, reputation and other lesser prominent risks.

See also: ERM