This is the time for a well-developed, well-embedded and well-operated enterprise risk management framework and processes. It is not a time to throw away risk management thinking. It is a time to bring it into action.
When risk assessments become regulatory obligations, there is a danger that they are seen as a ‘tick the box’ exercise, with only enough effort to provide evidence that one has been done. An ERM approach supported by appropriate systems allows organisations to derive much greater value from their program.
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