BANK RISK MANAGEMENT SYSTEM AND ITS STRUCTURE
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This article discusses the importance of bank risk management systems and their structure. It provides a detailed overview of the risk management process in banking, including the identification, assessment, and mitigation of risks. The authors also discuss the importance of risk management systems in ensuring the stability and sustainability of banks and the financial system as a whole. They highlight the need for a comprehensive and integrated risk management system that includes various components, such as risk governance, risk appetite, and risk monitoring. The article also examines the key elements of a successful risk management system, including a strong risk culture, effective risk communication, and the use of technology and analytics. The authors conclude that an effective risk management system is essential for the long-term success of banks and recommend that banks should continually review and update their risk management systems to ensure they remain effective in an evolving risk environment. This article is useful for professionals and researchers interested in understanding the importance of bank risk management systems and their structure.
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References
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