ERM


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

ERM

Exchange Rate Mechanism

Used prior to the adoption of the euro, a method for reconciling differing exchange rates between currencies, allowing participation in the single European currency. Established in 1979, it was known as a "semi-pegged" system in which currencies were variable with respect to each other only within a certain range. After the introduction of the euro in 1999, the exchange rate mechanism was replaced by ERM II, which reconciles exchange rates for countries wishing to join the eurozone.
References in periodicals archive ?
Strategize around how it will move to a true ERM approach, which should be designed to leverage its document management and ECM investments, including previous investments and repositories across the organization.
Business Minister Edwina Hart with Steve Matthews, ERM's managing partner in Wales and Ireland and Geraint Bowden, head of ERM UK's regeneration services
What has been the driving force behind this critical increase in ERM adoption?
In addition, Phelps points to other skills that risk managers need to have in order to effectively lead an ERM initiative.
ERM must be a continuous process, not just a tool to bring the company up to speed for the time being.
Currently, the technology of choice for ERM among the partner organizations is Microsoft Office.
Transitionals (67% of respondents) have a formalized ERM program but still lag in integration and collaboration.
Third, how ERM is developed within organizations is largely dependent upon where it has been implemented (or where the ERM seed fell, if you will).
Admittedly, past predictions about the progress of enterprise risk management often have proven overly optimistic, but there's plenty of evidence that suggests that ERM really has reached a key inflection point in its development.
Consider the Committee of Sponsoring Organizations of the Treadway Commission ERM Framework.
Philip St Baker, ERM Chief Executive said:  "The new agreement created by ERM with the Federal Government as being the largest electric power supplier client outside Queensland.