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Article | REF: C8106 V1

Global risk management and performance - From the internal control to the ERM

Author: Francis CLAUDE

Publication date: February 10, 2015

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4. Conclusion

  • 1 was devoted to the extreme events that have occurred since the late 1990s and the avalanche of regulations they have brought with them. Internal control is developed within organizations and marks the beginning of risk mapping processes. At the aggregate level of an organization, risk assessment based on historical frequencies and severity is a failure. Observed frequencies differed from estimated...

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