Regulatory Alerts2006-07-28
Risk Management Guideline 2006
The Reserve Bank issued this guideline to establish minimum requirements and international best practices for sound risk management across all banking institutions. It mandates an integrated, enterprise-wide risk framework that addresses credit, liquidity, market, operational, legal, strategic, and reputational risks through robust board oversight, clear policies, and effective internal controls. Banks must tailor the sophistication of their risk identification, measurement, monitoring, and mitigation processes to match their specific nature, scale, and complexity while ensuring adequate intra-group risk assessment.
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