International risk-management standards application in modern realities

The purpose of the study is to disclose the application of risk management standards in modern economic conditions. Research tasks: study of international organizations, risk management standards developers; consideration of relevant risk management standards in the international practice; identification of the applicability of standards data to modern realities. The objects of the study were international standards FERMA, COSO and ISO. Empirical, theoretical, bibliometric research methods were used. The development and implementation of risk management standards made it possible to switch to a new level of development. Standards became not only inter-sectoral, but moved to a narrower industry specialization. Such changes were largely affected by the area of insurance agencies and banks. To date, the standards of FERMARMS, COSOERM and ISO are widespread among the risk management standards, which is explained by their versatility, but their use is often limited to international organizations. Implementation of standards will allow the organization to improve the management process, use new mechanisms. Moreover, the standards are an assistant in assessing the upcoming risks of the organization and help to cope with them. All standards, despite the differences, combines a risk-oriented approach to maintaining economic activities, since the standards are international, they still combine techniques of different countries and are unified documents for use. When the standard is selected, the subject can use either part of it, or create a system of several standards, depending on the need, strategic goals and environment surrounding the subject. At the same time, the standardsare not an axiom and manual to action, but with their help you can build your management system in the enterprise.