DERMA: a distributed enterprise risk management architecture
M. Schaller, A.F. Vaz · 2002
The ability to manage risk across all boundaries of a financial organization demands the deployment of a comprehensive and flexible risk management architecture. The agility to adapt to the uncertainty of today's environment and the extensibility to leverage new technologies have become prerequisites for the success of any risk management system. In practice, few risk management implementations have embraced this level of sophistication. Many exist as stand-alone "islands of automation". These systems are rarely designed to transmit risk related information to more than one group of end-users. The existence of a diverse set of decision makers scattered within today's financial organizations necessitates the use of a distributed risk management system.