fed speech, 2006-04-28
Borrowing from ERM literature, I would say that ERM includes- aligning the entity's risk appetite and strategies,- enhancing the rigor of the entity's risk-response decisions,- reducing the frequency and severity of operational surprises and losses,- identifying and managing multiple and cross-enterprise risks,- proactively seizing on the opportunities presented to the entity, and- improving the effectiveness of the entity's capital deployment.
Sentiment: neutral
Topic: mp_economic_activity