As with most things in life, attitude is everything. Enterprise risk management (ERM) is no different. Taking the glass-half-empty approach, ERM is a regulatory burden that's expensive to implement, time-consuming to maintain, and provides little value to a bank. The glass-half-full approach puts a positive spin on ERM in that it allows a bank to identify threats-compliance, operational, credit, liquidity, and other risks-before they become crippling. ERM can help banks capitalize on opportunities, industry players say.
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