Risk management is a critical aspect of banking operations, as the failure to properly manage risks can lead to significant financial losses, damage to reputation, and even the collapse of the financial institution.
Effective risk management helps FIs identify, assess, and mitigate key risks and also ensures regulatory compliance while enhancing confidence of customers, investors, and regulators.
Our Risk Register is a fast growing library of risks and controls for banks, insurance companies, brokerage houses, money exchange bureaus, fintechs, digital banks, microfinance banks, trusts, funds and other financial institutions.
Threats and mitigating controls have been categorized by functional areas making it easy for department and unit heads to keep an eye on the most important risks.
The risk register can be used as a starting point for risk identification or to benchmark existing risks and controls against international best practices.