Question
Which of the following would have the primary
responsibility of understanding the risks run by the bank and ensuring that the risks are appropriately managed?Solution
The primary responsibility of understanding the risks run by the bank and ensuring that the risks are appropriately managed should clearly be vested with the Board of Directors. The Board should set risk limits by assessing the bank’s risk and risk bearing capacity. At organisational level, overall risk management should be assigned to an independent Risk Management Committee or Executive Committee of the top Executives that reports directly to the Board of Directors.
In which sector is the ULLAS initiative primarily focused, as part of the government's efforts to promote financial inclusion and literacy among underse...
The Odisha Cabinet recently approved the proposal to include which language in the 8th Schedule of the Constitution?
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Which international organization released the list of Global Systemically Important Banks (GSIBs)?
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