6. Companies seem to have integrated risk management with their strategic planning process more in 2010 than 2008Source: 2008 and 2010 Treasury and Risk ERM Survey
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9. Finally, ERM was said to have more room for improvement in 2008 and is definitely seen in positive light now despite a long recessionary period.Source: 2008 and 2010 Treasury and Risk ERM Survey
18. Identification of new and emerging risk from internal data as well as from information from external providers
19. A move from risk avoidance and mitigation to leveraging risk and risk management options to extract valueSource: Global Enterprise Risk Management Survey, 2010, AON Analytics
25. Data management approach for effective Risk management Combination of top- down and bottom-up approach Data availability in various source systems - risk, finance Ownership of data problems Defining Target State Methodology Pillar II, Basel III, liquidity risk and stress testing Data classification issues Establish data governance framework Identifying periodicity, latency issues and data flow Sourcing of Data Pre-cursor to Implementation Organization Structure Data Requirements Impact of non-availability of data Data standards/ definition/ Metadata Identifying appropriate data sources/owners of data Design of data architecture Data Governance Data quality assessment Policies, processes and standards Data Gaps, reconciliation Roadmap for implementation