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To embed, copy and paste the code into your website or blog: There has been much discussion over the years about the relationship between enterprise risk management (ERM) and compliance risk management. Making the discussions more complex has been a tendency to approach risk management from very different perspectives. Risk managers have long looked to the COSO ERM Framework, while compliance teams have turned to the Federal Sentencing Guidelines and other documents. Adding to the complexity are language issues. “Risk appetite” is a common term for risk managers and one that is See more + There has been much discussion over the years about the relationship between enterprise risk management (ERM) and compliance risk management. Making the discussions more complex has been a tendency to approach risk management from very different perspectives. Risk managers have long looked to the COSO ERM Framework, while compliance teams have turned to the Federal Sentencing Guidelines and other documents. Adding to the complexity are language issues. “Risk appetite” is a common term for risk managers and one that is oft-misunderstood and provokes great concern among compliance professionals.