Risk Management
- Enterprise Risk Management (ERM) : A plan-based business strategy that aims to identify, assess, and prepare for any dangers, hazards, and other potentials for disaster.
- Black Swan Event: An event that is extremely rare but has severe consequences. It’s unpredictable and thus difficult to prepare for.
- Stress Testing: A simulation technique used to evaluate how a system functions under severe conditions.
- Risk Mitigation: The process of reducing the adverse impact of potential risks.
- Compliance: Ensuring that a company is following all laws and regulations that apply to its business activities.
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