4. Risk Monitoring and Control: The approach to risk management centres on
facilitating implementation of risk and business policies simultaneously in a consistent
manner. In order to achieve objective, banks put in place the following- (i) an
organizational structure (ii) comprehensive risk measurement approach (iii)risk
management policies adopted at corporate level and (iv) guidelines and other parameters
used to govern risk taking. The banks should conduct periodic reviews of its risk
management process to ensure its integrity, accuracy and reasonableness.
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