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Introduction {to the risk management department}
February 28, 2024
introduction
Introduction to the risk management department
In light of global developments and international requirements, the Central Bank of Iraq was keen
to keep pace with these developments, and the
necessity of developing enterprise risk management practices,
to ensure the protection of the bank’s interests
and enhance its ability to achieve its goals.
Accordingly, a specialized risk department was established in 2017, with the aim of
alleviating any obstacles to achieving the bank’s objectives, and
elevating risk management practices to the ranks of global central banks.
In general, risk management is
a comprehensive process that aims to
identify, analyze and evaluate risks, and
develop strategies to manage and deal with them,
ensuring that these risks are avoided, their probability
or effects are mitigated,
or both,
or they are transferred to another party,
or accepted according to the approved risk policy. By the bank's board of directors.
The management of the Central Bank of Iraq gives the highest priority to improving the bank's ability to identify, monitor and maintain its risks within acceptable limits, by paying attention to the risk management function as one of the basic tasks of central banks.
https://cbi.iq/news/view/2525
February 28, 2024
introduction
Introduction to the risk management department
In light of global developments and international requirements, the Central Bank of Iraq was keen
to keep pace with these developments, and the
necessity of developing enterprise risk management practices,
to ensure the protection of the bank’s interests
and enhance its ability to achieve its goals.
Accordingly, a specialized risk department was established in 2017, with the aim of
alleviating any obstacles to achieving the bank’s objectives, and
elevating risk management practices to the ranks of global central banks.
In general, risk management is
a comprehensive process that aims to
identify, analyze and evaluate risks, and
develop strategies to manage and deal with them,
ensuring that these risks are avoided, their probability
or effects are mitigated,
or both,
or they are transferred to another party,
or accepted according to the approved risk policy. By the bank's board of directors.
The management of the Central Bank of Iraq gives the highest priority to improving the bank's ability to identify, monitor and maintain its risks within acceptable limits, by paying attention to the risk management function as one of the basic tasks of central banks.
https://cbi.iq/news/view/2525
