Risk Management in Emerging Markets Emerging markets pose different challenges from operational to financial risks; yet emerging markets often reveal possibilities for diversification and economic growth. What do we mean by risk management in emerging markets.What are some of the risks encountered in the emerging markets.How might an organization considering operations in an emerging market alter its risk management framework for that market? What additional factors need to be considered and added to the COSO framework? Can any components of a typical framework be discarded? Write a 2- to 3-page memo to senior management outlining and validating the factors that need to be considered.