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A fuller explanation of ONE (1) area of Enterprise Risk Management (you choose). Five sentences

A fuller explanation of ONE (1) area of Enterprise Risk Management (you choose). Five sentences

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Answer #1

Enterprise risk management. Enterprise risk management (ERM) in business includes the methods andprocesses used by organizations to manage risks and seize opportunities related to the achievement of their objectives.

Five sentences about area of Enterprise risk management:-

Five will be most powerful:

  • developing a better definition of risk appetite and limit setting.
  • improving stress testing.
  • developing a strong risk culture.
  • deploying the “three lines of defense”
  • improving the management of credit risk
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