What is another word for FRM?
Pronunciation: [ˌɛfˌɑːɹˈɛm] (IPA) 
FRM, an acronym for Financial Risk Management, is a significant term in the banking and finance industry. Synonyms for FRM include risk management, risk assessment, financial planning, and risk control. These interchangeable terms focus on the practice of identifying, analyzing, and addressing potential financial risks faced by organizations. By employing robust risk management strategies, companies aim to mitigate the impact of adverse events that could affect their financial stability. FRM encompasses various essential processes such as risk identification, risk measurement, risk evaluation, and risk mitigation. Its synonyms highlight the critical role of effectively managing financial risks to enable businesses to make informed decisions and safeguard their long-term success.
