Regulatory Alerts2020-11-11
Draft Risk Management Guidelines for Rural and Community Banks
The Bank of Ghana issued these draft guidelines to establish a structured risk management framework for Rural and Community Banks. The document mandates that these institutions implement comprehensive risk identification, measurement, mitigation, monitoring, and reporting processes across strategic, credit, liquidity, interest rate, operational, fraud, information technology, rapid growth, and product risk categories. It assigns clear oversight responsibilities to boards and senior management, requires the development of tailored risk policies and tolerable limits, and subjects compliance to Bank of Ghana on-site examinations and Apex Bank membership standards.
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