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ERM Frameworks and Responses to risk [85]

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Bullet points include: Tends to be slower moving than other approaches But longer term is key to creating a sound risk culture Systemic business issue highlighted during recent crisis: originate and distribute vs. buy and hold May be challenging to implement, depending on culture RAROC-style approaches may allow firm to influence new business taken on by business units Potentially challenging and costly to implement But particularly helpful when organisations are complex and multiple business units are making decisions influencing overall risk profile

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