Enterprise Risk Management

In today’s environment of intense scrutiny by regulators and stakeholders, investment in risk management is more important than ever. The panel discusses, in detail, the stages of the risk assessment process, including: 1) risk identification, 2) risk categorization, 3) risk prioritization, 4) compliance risk assessment plan, 5) risk ownership, 6) implementation, and 7) review. Another point of discussion was the increasing globalization of risk and the need to be creative when dealing with new types of risks.