Abstract
This Financial Insights report aims to generate a deeper understanding of how
enterprise risk management (ERM) activities are able to transcend corporate
boundaries, provide a portfolio view of the totality of risk the entire entity
is actually exposed to, and give shareholders reassurance that the full range
of risk is being actively managed.
"Management is spearheading this holistic view of risk because striking a
balance between enhancing profits and managing risk is a requisite to manage a
successful corporation in today' s complex environment," comments Li-May Chew,
CFA, senior research manager for Financial Insights' Asia/Pacific Risk
Management Advisory Service.
Given that managing risk components on a cross-enterprise basis is no doubt
daunting, the discussion also focuses how Asian banks can better institute a
successful ERM program. The study further extends suggestions for institutions
looking to enhance their strategy and execution of ERM programs, and for risk
vendors interested in assisting banks on their ERM roadmap development.