Risk Governance: An Integrated Approach towards Risk Management in Banks

Abstract

This research work aims at giving a conceptual framework as well as the need to embrace risk governance practice in the banking sector. The Banking industry is a highly volatile sector that is embodied with different categories of risk element with different magnitude that affects it operations on regular basis. The continue failures of banks which is attributed largely to their inability to manage risk element has led to the introduction of risk governance strategy as provided in Basel III. The risk governance practice therefore seeks to address all the risk management issues under a single control and make the management proactive in handling risk related issues.

Keywords

• Risk Committee
• Chief Risk Officer Size of Risk Committee