Event- and Data-Centric Enterprise Risk-Adjusted Return Management: A Banking Practitioner’s Handbook

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022

K. Subramanian R, D. S. Kumar KattumannilEvent- and Data-Centric Enterprise Risk-Adjusted Return Managementhttps://doi.org/10.1007/978-1-4842-7440-8_3

3. ERRM Gap Analysis & Identification

Kannan Subramanian R¹   and Dr. Sudheesh Kumar Kattumannil¹

(1)

Chennai, India

 

It is appropriate to use the term “enterprise risk–return management” (ERRM) rather than just enterprise risk management, as risks are inherent in any business activity, and a bank’s primary objectives are growth and profits. Basel’s BCBS 239 guidance on risk data aggregation can be effective only when a bank has an enterprise data model and governance. Many of the banks that have implemented or ...