Enterprise risk management Custom Essay

t Enterprise risk management refers to the mechanisms and the procedures that are applied by the financial institutions in the management of the risks and seizing up the opportunities that that do relate with the achievement of the institution’s objectives (Goldsmith et al, 2003; Williams and Green, 1997). It does therefore provide a basis for the management of the risks which do involve the identification of the particular situations that are vital to the institutional objectivity which in this case are risks and opportunities, it does asses them on the basis of potential occurrence and measure of its impact on the organization, response strategy determination and he laid structures in the monitoring of the progress

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