S M Sifat Rahman’s Post

With the number of wilful defaulters increasing in India, Financial Institutions and lenders must keep a robust credit risk management system in place. An effective credit risk management strategy identifies risks before they snowball into a crisis. Among the most vital components of an effective credit risk management framework are early warning systems. But how can it help you? Read on to learn more and discover how you can build an early warning system for proactive credit risk management: https://lnkd.in/dSFk7h48 #Finezza #Finance #CreditManagement #LOS #LMS

An Internal Control Review (ICR) plays a critical role in helping management achieve strategic objectives by strengthening operational efficiency and risk management. For organisations under the Central Bank of Kuwait (CBK) and the Capital Market Authority (CMA), conducting an ICR isn’t just beneficial—it’s a regulatory requirement that enhances compliance and long-term success. #internalcontrols #BusinessStrategy #Compliance #icr #PKFKuwait #ICR #business #riskmanagement #management #kuwaitcity #CMA #capitalmarkets #cbk #regulatorycompliance #centralbank #kuwait

UAE's Central Bank introduced model risk management standards and guidance to enhance the regulatory framework of the UAE financial institutions. Explore CRISIL's insights on CBUAE MMS&G in our latest article. We examine the key principles, address industry challenges, and highlight the value of partnering with CRISIL for robust model risk management solutions. Read more to understand how we can assist in ensuring regulatory compliance and effective risk mitigation in our latest #CRISILPerspective: https://lnkd.in/drx4wbAk Mike Winn| Arul Yagappan | Maninder (Mandy) Singh | Nageswara Ganduri| Jinu Chandrasekhar | Souvik Basu #UAE #ModelRisk #ModelValidation #RiskManagement

Risk management is crucial to sustainable growth, especially when handling large corporate clients. At Faisal Islamic Bank, I led financial risk strategies that cut exposure by 12%. This focus on risk has allowed us to protect the bank’s assets while continuing to grow our corporate portfolio. What are your top strategies for managing risk in the corporate banking sector? #RiskManagement #CorporateBanking #FinancialGrowth

An interesting and exhaustive thesis submitted at the University of South Africa in 2019 entitled: PRINCIPLES FOR AN OPERATIONAL RISK APPETITE FRAMEWORK FOR A BANK: A SOUTH AFRICAN PERSPECTIVE The research study focused on the analysis of the current underlying theoretical knowledge base for developing and implementing the concept of an operational risk appetite framework as a risk management tool in the South African banking industry. It can serve as well as a reference document for anyone wanting to familiarize themselves with the requirements regarding setting an operational risk management framework. #operationalrisk #KRI #businesscontinuity #riskselfassessment #riskmanagement #GRC #businessdisruption #fraud #riskappetite #research #systemrisk #physicalsecurity #COSO #Basel #FSB #BIS

Reflecting evolving risks and broader medium- and long-term trends, it is critical that banks institute a sound risk culture, maintain strong risk management practices and adopt and implement sustainable business models. Banks must have a comprehensive risk management process (including effective board and senior management oversight) to identify, measure, evaluate, monitor, report and control or mitigate all material risks (which can include risks related to digitalisation, climate-related financial risks and emerging risks) on a timely basis and to assess the adequacy of their capital, their liquidity and the sustainability of their business models in relation to their risk profile and market and macroeconomic conditions. Banks must have appropriate risk management strategies that have been approved by the bank’s board, and the board establishes an effective risk appetite statement and framework to define the level of risk the bank is willing to assume or tolerate. The board ensures that a sound risk culture is established throughout the bank, to promote the development and execution of its strategy.   #riskculturelab #riskculture https://lnkd.in/egiYubmE

“Climate risk management is an imperative, and becoming an urgent need for banks to act, in order to reduce potential financial risks arising from climate risks.” - Sourajit Aiyer speaks on steps towards Climate Risk Management for banks as part of the knowledge session on “From climate risk management to transition plans: RBI draft disclosure guidelines and steps for Indian banks.” The knowledge session, organized by Indian Banks` Association with interventions from V Chandrasekar, Senior Advisor (Corporate & International Banking), IBA and Neha Kumar, Head – South Asia Program Climate Bonds Initiative. It garnered active participation from banking officers across functions, including risk, credit, and business strategy functions. #IICRSF #ClimateFinance #RBI #Banking #SustainableFinance #ClimateRisk

Recent regulatory changes by the Central Bank of the UAE signal a significant evolution in Enterprise Risk Management (ERM) for the insurance sector. These updates, with a focus on enhanced reporting like the Own Risk & Solvency Assessment (ORSA), emphasize the importance of a more integrated, proactive approach to risk management, strengthening resilience and sustainability in the industry. #BADRI #UAEInsurance #RiskManagement #EnterpriseRiskManagement #ORSA #CBUAE

Part IV There are many risk considerations a corporate must deliberate on before entering into Risk Management Products: - Is the product suitable and appropriate to reduce the risk the Business is facing? And does the Business understand what risk they are mitigating and how it is being mitigated? - Is the counterparty that is executing the hedge with the Business, credit worthy? Is the Business itself, credit worthy? - What documentation is governing the derivative transaction? Is there an ISDA in place to mitigate the risk of non-performance on either party? Answers and more in the article below. Enjoy 🙂 https://lnkd.in/gcpKd8Yd (Link to article) Absa Bank Ghana

Credit risk management is fundamental to the stability and performance of banks, especially in a dynamic economic environment like India. The Basel norms provide a comprehensive framework for effective management of credit risk. This paper delves into the framework related to credit risk management in Indian banks in alignment with Basel norms, focusing on the principles, practices, and regulatory guidelines that shape this critical aspect of banking. It includes a review of literature and analysis of current practices, highlighting the importance of robust credit risk management systems for maintaining financial stability. by Dr. Dhananjay Mandlik | Ms. Aruna Deshpande Peshave "Framework of Credit Risk Management in Indian Banks as Per Basel Norms" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-4 , August 2024, URL: https://lnkd.in/d-q3Bnwv Paper Url: https://lnkd.in/duiKXGZK