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Editorial: How should an Enterprise Risk Management department be organised? And what should it do?
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Introduction: Since the financial crisis, financial institutions have focused much more heavily on capital adequacy and therefore on measuring all risks across the enterprise in a coherent and consistent manner. Over that same period, the risk profile of financial institutions has continued to increase in interdependent complexity. As a consequence, interest in enterprise risk management (ERM), which can assess risk across the traditional risk silos, has continued to grow as well.
Keywords: financial crisis; capital adequacy; risk management; ERM
Greg Hopper is the Global Head of Enterprise Risk Management at Goldman Sachs.