{
  "title": "Risk Management Maturity Assessment at Central Banks",
  "publication": "IMF Working Papers, 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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- 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.\n- The Safeguards Assessments Division of the IMF’s Finance Department developed a tool to evaluate risk management practices at a central bank.\n- The tool facilitates stocktaking of elements that are present and categorizes the function based on its maturity.\n- Tailored recommendations are provided to the central bank to deliver a roadmap to advance the risk management function."
    },
    {
      "heading": "Tool and Methodology",
      "content": "- Purpose: Evaluate risk management practices and maturity at central banks.\n- Key features:\n  - Facilitates stocktaking of elements that are present.\n  - Categorizes the risk management function based on its maturity.\n  - Produces tailored recommendations as a roadmap for advancement."
    },
    {
      "heading": "Findings and Policy Recommendations",
      "content": "- Findings (as stated):\n  - A sound framework embedded throughout the organization best enables effective risk management.\n  - The maturity categorization assists in identifying gaps and priorities for improvement.\n- Recommendations:\n  - Provide tailored recommendations to central banks based on the maturity assessment to advance the risk management function.\n  - Use the assessment tool as a basis for designing and executing improved risk management activities across the organization.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2019/12/27/risk-management-maturity-assessment-at-central-banks-48860"
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    "Authors: Nicolas Denewet, Antonio Manzanera, Sanjeev Matai, Elie Chamoun",
    "Published: December 27, 2019",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781513521992.001",
    "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.",
    "The Safeguards Assessments Division of the IMF’s Finance Department developed a tool to evaluate risk management practices at a central bank.",
    "The tool facilitates stocktaking of elements that are present and categorizes the function based on its maturity.",
    "Tailored recommendations are provided to the central bank to deliver a roadmap to advance the risk management function.",
    "Purpose: Evaluate risk management practices and maturity at central banks.",
    "Key features:",
    "Findings (as stated):",
    "Recommendations:",
    "**Working Paper**"
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