Implementing an Enterprise Risk Management Approach

ABB's treasury have developed an enterprise risk management approach that has revolutionised the way that risks are prioritised, monitored and mitigated - allowing treasury to evolve and become a strong partner to the business.

Key Points

  • Since 2003, ABB has recognised the major role to be played by treasury in delivering liquidity and risk management services to the rest of the group
  • Treasury is now centralised in Zurich, Switzerland, with regional treasuries in the USA, Dubai and China, as well as country treasurers in many other countries
  • From 2009 treasury has been responsible for enterprise risk management (ERM), and decided to develop an ERM framework in-house, including the development of a risk catalogue
  • Each part of the business then reported their most significant risks, and an ERM Roundtable was organised to assess the company’s risk strategies
  • The author outlines the lessons learnt from the process and its substantial benefits


Written by

Constantinos Tsolakas
Head of Group Treasury and Risk Management

Risk Management Series (30 articles)


Add to cart

Every case study in this series is also included in our Unlimited Case Studies collection. Get the full story with access to all case studies on TMI Academy for just


Add to cart