REGULATORY AND LEGAL SUPPORT OF RISK MANAGEMENT

Abstract

The article reviews the main sources of regulatory and legal enforcement of risk management in commercial enterprises: international standards, codes of practice and manual, as well as laws of the Russian Federation, rules and requirements of regulating authorities. The evaluation of the completeness and role of international documents and legal acts in support of the development of risk-management is given; the problem of their use in home business is examined. As a result of comparison of different approaches used in the international standardization of risk management, the main advantages and disadvantages of use of international standards as a guide to risk management and infrastructure management are identified. The ways of improving the regulatory framework of the national risk management are suggested.