Regulatory Alerts2022-08-01
Guideline 14 Risk Management for Commercial Banks in The Gambia
The Central Bank of The Gambia mandates that commercial banks implement comprehensive, scalable risk management frameworks covering credit, market, liquidity, operational, reputational, and ESG risks. Banks must establish clear board oversight and senior management execution through defined policies, risk limits, and continuous identification, measurement, monitoring, and control processes. This mandatory guideline enforces compliance through specified penalties under the Banking Act 2009 and takes effect on January 31, 2023.
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