Chapter 4

Introduction to Enterprise Risk Management

Abstract

This chapter introduces the most important elements of risk management. We explain risk and risk management, what a risk management process does, and how risk can be assessed and treated in general. Moreover, it is shown how the risk appetite and risk criteria can be determined, and the role of the chief risk officer is discussed.

Keywords

Risk; Risk Management; Risk Management Process; Risk Appetite; Risk Assessment; Risk Treatment; Chief Risk Officer

What you will learn in this chapter

ent What is risk and risk management

 What is a risk management process

 How to determine risk appetite ...

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