Study Notes: Enterprise Risk Management (ERM) and Future Trends

Chapter 8. ERM and Future Trends Study Notes contains 12 pages covering the following learning objectives:

* Describe Enterprise Risk Management (ERM) and compare an ERM program with a traditional silo-based risk management program.

* Explain best practices for the governance and implementation of an ERM program.

* Describe risk culture, explain characteristics of a strong corporate risk culture, and describe challenges to the establishment of a strong risk culture at a firm.

* Explain the role of scenario analysis in the implementation of an ERM program and describe its advantages and disadvantages.

* Explain the use of scenario analysis in stress testing programs and in capital planning.

After reviewing the notes, you will be able to apply what you learned with practice questions.

No Sample Available

Shop Courses