Yearbook 2021
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Over the last 10 years, Capital Markets firms, including exchanges have recognized the need to move beyond traditional enterprise risk management, to an approach which is integrated with, and aligned to the businesses strategic and operational objectives. This evolution has been driven by regulators and boards as they push the development of better risk management
practices and culture.
This evolution in Enterprise Risk Management has been reflected in the most recent updates of the COSO Enterprise Risk Framework and ISO31000. Both influential frameworks have increased the emphasis on integrating enterprise risk management with strategy.
The Federation of Euro-Asian Stock Exchanges is pleased to announce a partnership with KRM22, a special software investment business led by industry experts, with an investment focus on risk management software and technology predominantly for capital markets, to deliver a thought-leadership series based on the Risk-Based Performance
Management framework.
The Federation of Euro-Asian Stock Exchanges (FEAS) in Cooperation with KRM22 published a Whitepaper on Risk-Based Performance Management Methodology.
The purpose of this paper is to introduce Risk-Based Performance Management (RBPM), a strategic management methodology that integrates strategy and risk management via risk appetite.
While all industries have been affected by the COVID-19 pandemic, some bear the brunt of the downturn much more than others. And no matter how deep a hole remains, during every crisis the first thing that pops-up is the risk management framework of the company. The Risk-Based Performance Management (RBPM) methodology emerged from a series of projects immediately after the 2008/09 financial crisis. The Whitepaper is the result of cooperation between FEAS and KRM22 led by Head of Enterprise Risk and Thought-Leader/Author Andrew Smart.
The base of the Whitepaper is the Risk-Based Performance Management methodology created by Andrew Smart (For more information go to (https://www.getrbpm.com/), complimented with a survey and study of FEAS Members’ approach to enterprise performance and risk management.