**4. Integrating risk management into the management sistem**

The conception, implementation and operation of an integrated risk management system must ensure ongoing monitoring of risk and the integration of the risk response measures in a coherent risk strategy.

Risk strategy should contain clear objectives on risk policy promoted and applied within the organization, to define exposure levels and response to risk in all circumstances where it is analyzed and evaluated. Also it should be set the terms and conditions for recovery of losses whenever the risk is manifested and had or will have financial consequences.
