Question: ERM has been conceptualised in two dimensions: one representing the types of risk and the other outlining the various riskmanagement process steps. In relation to

ERM has been conceptualised in two dimensions: one representing the types of risk and the other outlining the various riskmanagement process steps. In relation to the IEC, discuss the ERM approach and assess at least one

(1)

risk for each ofthe four

(4)

types of risk. Recommend an appropriate risk response strategy for each, and clearly state any assumptionsyou mak

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