Enterprisewide Risk Management (ERM) Financial Glossary

What is it? An integrated approach to measuring and managing risks within a financial institution. ERM, as opposed to traditional separate, silo based, risk analysis, recognizes that risks are inter-related and often have common drivers. For example, the macroeconomic conditions related to high interest rates impact credit risk in addition to interest rate risk. Moves to ERM are partially driven by the Basel II capital guidelines and related rules issued by national banking regulators.

Finance Term Definition Added By: Brayden

The Enterprisewide Risk Management (ERM) definition has been viewed 2618 Time(s)!

Send To Friends!

If you'd like to send the Enterprisewide Risk Management (ERM) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Enterprisewide Risk Management (ERM). If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term CND is See Communication Network Development

Financial Term MTB is Medium term buy

Financial Term Contract to purchase is An arrangement for the sale of real estate whereby the buyer may use, occupy, and enjoy land, but no deed is given by the seller (and no title passes) until all or a specified part of the sale price has been paid. A purchaser who is buying the property by means of a contract to purchase may not consider himself/herself to be the owner since the seller actually has the title. However, for this survey, the purchaser is considered to be the owner. Contract for deed, land contract, purchase agreement, agreement of sale, and assumption agreement are similar terms used frequently in some areas of the country.

Financial Term Gross Monthly Income is The amount of consistent and stable income that an individual receives each month, averaged over a period of time. This amount includes overtime pay, bonuses, commissions and income from dividends or interest, provided that the individual can show a consistent history of receiving such income.

Financial Term MIRAS is Stands for Mortgage Interest Relief at Source. This is the way in which tax relief was allowed on mortgage payments. The withdrawal of Miras was announced in the budget, 9th March 1999, by the Chancellor and took effect from April 2000.