“I find the content of Journal of Business Continuity & Emergency Planning to be up to date, easy to follow, and applicable to the professional in the field, the student in the class, and the academic. This journal offers a mix of articles from many disciplines in a manner that allows the professional to utilise the data immediately. I have personally used material from this journal on multiple occasions, both in my academic and professional endeavours.”
Editorial: How should an Enterprise Risk Management department be organised? And what should it do?
Click the button below to download the full text of the article.
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.