Enterprise Risk Management for Banks

Overview

Risk management in banking sector is in limelight especially after the recent turbulence that has impacted the very existence of banking sector as a viable industry. The journey of risk management started way back in early 1800's, where the banks had recognized the significance of the role of risk management and had adapted the same by creating a risk function in their organizations. Not only the bank's, even the various government bodies have recognized the repercussions / impact of not managing the risks effectively in banks and accordingly enacted several regulations to control risks that arise in the banking business and operations.