This seminar was designed as two related and complementary sessions. In the morning session the focus was on a common understanding of :
- the motivating factors for implementing ERM and,
- the component parts which comprise an enterprise framework for risk management
Practical aspects of ERM implementation were discussed focusing on building an ERM framework for deposit insurers. Issues discussed included challenges, pitfalls and key success factors.
The Federal Deposit Insurance Corporation and Canada Deposit Insurance Corporation gave presentations on their approach to ERM and salient implementation issues.