## Risk Management Maturity Assessment at Central Banks

_IMF Working Papers, December 27, 2019_

## Source details

**Canonical URL:** [Risk Management Maturity Assessment at Central Banks](https://www.imf.org/en/publications/wp/issues/2019/12/27/risk-management-maturity-assessment-at-central-banks-48860)

## Other formats

- [Markdown version](/en/publications/wp/issues/2019/12/27/risk-management-maturity-assessment-at-central-banks-48860/index.md)
- [Structured JSON version](/en/publications/wp/issues/2019/12/27/risk-management-maturity-assessment-at-central-banks-48860/index.json)
- [Bundle manifest](/en/publications/wp/issues/2019/12/27/risk-management-maturity-assessment-at-central-banks-48860/bundle-manifest.json)

## Bibliographic details
- 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

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### Overview
- 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.

### Tool and Methodology
- Purpose: Evaluate risk management practices and maturity at central banks.
- Key features:
  - Facilitates stocktaking of elements that are present.
  - Categorizes the risk management function based on its maturity.
  - Produces tailored recommendations as a roadmap for advancement.

### Findings and Policy Recommendations
- Findings (as stated):
  - A sound framework embedded throughout the organization best enables effective risk management.
  - The maturity categorization assists in identifying gaps and priorities for improvement.
- Recommendations:
  - Provide tailored recommendations to central banks based on the maturity assessment to advance the risk management function.
  - Use the assessment tool as a basis for designing and executing improved risk management activities across the organization.

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## Content in this bundle

- **Working Paper**
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  - [Working Paper (PDF)](/-/media/files/publications/wp/2019/wpiea2019303-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/wp/issues/2019/12/27/risk-management-maturity-assessment-at-central-banks-48860_