Risk Management Maturity Assessment at Central Banks
December 27, 2019
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Summary
Effective risk management at central banks is best enabled by a sound framework embedded throughout the organization that supports the design and execution of risk management activities. To evaluate the risk management practices at a central bank, the Safeguards Assessments Division of the IMF’s Finance Department developed a tool that facilitates stocktaking of elements that are present and categorizes the function based on its maturity. Tailored recommendations are then provided to the central bank which provide a roadmap to advance the risk management function.
Subject: Banking, Central bank risk management
Keywords: framework maturity level, risk management, risk management framework, risk management function, risk management practice, WP
Pages:
27
Volume:
2019
DOI:
Issue:
303
Series:
Working Paper No. 2019/303
Stock No:
WPIEA2019303
ISBN:
9781513521992
ISSN:
1018-5941
