RSM Resources

The term “risk management” is generally defined as a process by which individuals or organizations identify, control and minimize the impact of uncertain events. In the banking industry, regulations identify specific areas of risk that institutions are required to manage.
When the scope of regulations expand, the risk management responsibilities of individual financial institutions increase — sometimes dramatically. Fortunately, effective risk management has always been central to safe and sound banking activities. Therefore, most banks have addressed a variety of emerging risk management issues to some degree.