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risk management

   Also found in: Dictionary/thesaurus, Medical, Financial, Acronyms, Wikipedia 0.04 sec.

The optimal allocation of resources to arrive at a cost-effective investment in defensive measures within an organization. Risk management minimizes both risk and costs. See risk assessment.


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Reuters (London) has acquired Application Networks (London/Palo Alto, CA), a provider of risk management software including the cross-asset derivatives trading platform, JRisk, for $41 million in cash.
In a survey of 100 business leaders, Lloyd's found that boards have increased the amount of time spent on risk management fourfold in the past three years.
The Federal Reserve Board announced on November 26, 2004, the approval of proposed revisions to its Policy on Payments System Risk (PSR Policy) addressing risk management in payments and securities settlement systems.
 
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