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So long, silos

Despite enterprise risk management being lauded as the nirvana of risk management, financial services firms have done little to implement a working ERM framework. But other industries have embraced the concept. Victoria Pennington ask what financial services firms can learn from them

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Enterprise risk management (ERM) is not new, the concept has been around for more than a decade. But recent market volatility has renewed the view that companies, specifically financial services, need to take a more holistic view of risk.

"People have been talking about ERM for years, but now is the time when the pressures are strong enough and the technical capabilities exist," says Gordon Burnes, vice-president of marketing at OpenPages. "We are starting to see a confluence of real drivers

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