ERM

ERM
enterprise-wide risk management (ERM)
An integrated approach to measuring and managing risks within a financial institution. ERM, as opposed to traditional separate, "silo" based, risk analysis, recognizes that risks are inter-related and often have common drivers. For example, the macroeconomic conditions related to high interest rates impact credit risk in addition to interest rate risk. Moves to ERM are partially driven by the Basel II capital guidelines and related rules issued by national banking regulators. American Banker Glossary
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The system that countries in the European Union once used to pay exchange rates within bands around an ERM central value. Bloomberg Financial Dictionary
The methodology by which members of the EMS maintain their currency exchange rates within an agreed-upon range with respect to other member countries. Bloomberg Financial Dictionary

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ERM ERM noun FINANCE
abbreviation for Exchange Rate Mechanism:

• Luxembourg says it remains fully committed to keeping its currency within the ERM.

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   Exchange Rate Mechanism. A system first created in 1979 to limit movements in the currencies of member countries of the European Union. A grid allows currencies to fluctuate within bands either side of their fixed central rates. New countries are supposed to enter their currencies in ERM-2, with its wide 15 percent bands, for two years before joining the Eurozone.
   ► See also Euro, European Union.

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ERM UK US noun [S]
ABBREVIATION for EXCHANGE RATE MECHANISM(Cf. ↑exchange rate mechanism)

Financial and business terms. 2012.

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Look at other dictionaries:

  • ERM — Event Related Model  англ. «событийно связанный модуль»  скриптовый язык для дополнения «». Название устарело. Первоначально ERM предназначался исключительно для расширения возможности событий   объектов, выполняющих некое …   Википедия

  • Erm — ist die Abkürzung für Electronic Resource Management, einem System zur Verwaltung von Informationen und Workflows, die erforderlich sind, um e Ressourcen effizient auszuwählen, zu erwerben, zu pflegen, zu erneuern bzw. abzubestellen. Es bietet… …   Deutsch Wikipedia

  • ERM — (Enterprise Relationship Management) business program that analyses information concerning a company s customers (in order to improve customer service and relations) ERM (Enterprise Resource Management) general name for a business management… …   English contemporary dictionary

  • Erm — is a village in the Netherlands and it is part of the Coevorden municipality in Drenthe. Its altitude is 14 meters (49 feet) and its population is about 420.External links* [http://www.fallingrain.com/world/NL/1/Erm.html Map of the area of Erm] …   Wikipedia

  • ERM — ist die Abkürzung für Electronic Resource Management, einem System zur Verwaltung von Informationen und Workflows, die erforderlich sind, um e Ressourcen effizient auszuwählen, zu erwerben, zu pflegen, zu erneuern bzw. abzubestellen. Es bietet… …   Deutsch Wikipedia

  • ERM — may refer to: In systems and processes:* European Exchange Rate Mechanism * European Reference Materials * Enterprise Relationship Management * Enterprise Risk Management * Entity relationship model * Electronic Resource ManagementIn people:*… …   Wikipedia

  • ERM — See Exchange Rate Mechanism. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • erm — Mot Monosíl·lab Nom masculí …   Diccionari Català-Català

  • ERM — [ˌi: a:r ˈem] n [singular, U] the abbreviation of exchange rate mechanism …   Dictionary of contemporary English

  • erm- — *erm germ.: Hinweis: s. *ermana ; Quelle: Personenname (1. Jh. v. Chr.); Sonstiges: Reichert, Lexikon der altgermanischen Namen 2, 1990, 501 (Ermaric, Ermegild, Ermegundis, Ermemir, Ermulf, Hermegiscl, Hermer, Hermeric) …   Germanisches Wörterbuch

  • ERM — ► ABBREVIATION ▪ Exchange Rate Mechanism …   English terms dictionary

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