| جدول المحتويات TABLE OF CONTENTS | ||
|---|---|---|
| Subject | الصفحة Page | الموضوع |
| INTRODUCTION | 2 | مقدمة |
| OBJECTIVE | 3 | الهدف |
| # RISK MANAGEMENT REGULATION Circular No.: 153/2018 Date: 27th May 2018 To: All Banks Subject: Risk Management # INTRODUCTION The Central Bank seeks to promote the effective and efficient development and functioning of the banking system. To this end, banks are required to have a comprehensive approach to risk management, including Board and Senior Management oversight, to ensure their resiliency and enhance overall financial stability. Risk management, together with internal audit and compliance, comprise key control functions in a bank. The control functions have a responsibility, independent of the management of the bank's business lines, to provide objective assessment, reporting and/or assurance. The control functions are an essential foundation for effective corporate governance, which is the set of relationships between the bank's management, board, shareholders and other stakeholders. Collectively these comprise the structure through which the objectives of the bank are set, the means of attaining those e... |