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Search results with tag "Sound risk"
Basel Committee on Banking Supervision
www.bis.org1 to enhance banks’ ability to identify and manage bank-wide risks. In particular, the Committee emphasised that a sound risk management system should have
Basel Committee on Banking Supervision
www.bis.orgd) promotes a sound risk management culture across the organisation; and e) communicates with the other lines of defence to reinforce the ORMF. If in one business unit there are functions of both the first and second line of defence, then banks should document and distinguish the responsibilities of such functions in the first and second