Question

    A prerequisite for establishment of an effective risk

    management system is the existence of a robust _____
    A MIS Correct Answer Incorrect Answer
    B whistleblower policy Correct Answer Incorrect Answer
    C Corporate Governance policy Correct Answer Incorrect Answer
    D Core banking system Correct Answer Incorrect Answer
    E Credit policy Correct Answer Incorrect Answer

    Solution

    A prerequisite for establishment of an effective risk management system is the existence of a robust Management information system (MIS). A MIS is an integrated computer information system used to aggregate risk data and to help decision making. It is therefore necessary to have a robust MIS to be able to track data and study it.

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