The Banks’ Risks Management: The Current Development Tendencies

Abstract

The article considers the essence of the risks management system and the existing directions of its improvement in the domestic banks. The important components of the effective risks management process are identified. The necessity of introduction of the advanced system of compliance control for risks management of banking institutions is proved. The essence of the concept of «compliance» is highlighted and a methodical approach to building of a compliance program based on the risk assessment is proposed. A complex of organizational and methodical measures as to implementation of a compliance program of control over compliance of banks with the requirements of the effective legislation is offered.

Keywords

• bank
• risk
• system
• risks management
• compliance control