How the quality of risk governance in the bank can be improved

Question

Accepted Answer

Improving risk governance in a bank involves enhancing risk culture, implementing robust risk management frameworks, and fostering transparency and accountability.

Enhance risk culture by promoting risk awareness and accountability at all levels of the organization
Implement robust risk management frameworks to identify, assess, monitor, and mitigate risks effectively
Foster transparency and accountability by ensuring clear communication of risk policies and procedures to all stakeholders