Centralised departments more likely to face new responsibilities

Respondents reported changes in risk approaches to the environment, and banking and insurance supervision

Just under half (45.5%) of institutions participating in the Risk Management Benchmarks 2023 updated their risk management framework in response to changing responsibilities during the past 24 months, a small increase compared with 2022 figures (43.3%).

The central bank’s structural approach to risk management appeared to have some bearing on the result, with 56% of organisations with a centralised risk management department having their areas of responsibilities modified in a manner that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account