Risk Management

FINANCIAL MANAGEMENT

Final Report

ENTERPRISE RISK MANAGEMENT

Submitted By: GEETA KHIANI

ABSTRACT

Risk is inherently, not a bad thing while it may keep management awake at night, profit would not be possible without it.

The main concern of this Research report is Enterprise Risk Management-which is broadly characterized as system of managing risk across an entire company. This report includes the foremost explanation on Enterprise Risk Management, its importance in business finance, along with the risk and its implications in businesses and in turn it is focusing on ERM’s significance overseas in comparison with Pakistan to have a clear depiction of the implementation if any, its outcomes and the development. The report contains the findings from different sources, mostly from articles.

CONTENTS

Page no.

1. Introduction … 4

2. ERM-Integrated Framework … 6

3. Driving forces behind ERM … 9

4. ERM in Financial Services Industry … 11

5. Introduction to Risk … 13

6. Internal and External factors of Risk … 16

7. Risk Management … 20

8. Analysis of Risk Management in Foreign

Countries and Pakistan … 24

9.