Regulatory Alerts2023-04-27
Added · Updated
Banking Industry Risk Management Survey Report
The National Bank of Ethiopia conducted a survey of all 15 banks in November 2009 to assess risk management practices and identify weaknesses. The report finds that while some positive steps exist, significant deficiencies remain, including inadequate board training, insufficient budgets, and a lack of documented strategies. The National Bank of Ethiopia recommends reviewing existing guidelines, requiring banks to produce acceptable risk management programs, and implementing short-term training for board members and staff.
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