Risk Management Practices
All organisations are faced with risks that have the potential to negatively affect their business. Risk management practice in financial services focuses on identifying, measuring and analyzing risk to minimise negative impact.
GRI assists in first making sure members know what risks exist and promoting the best practices for handling those risks.
Total enterprise risk management is critical, but implementing it is both expensive and easier said than done. Even the most sophisticated financial institutions are still basically silo risk managers. - Danny Klinefelter