Lots of action lately…Price manipulation, “Power market” manipulation, LIBOR rigging, management exits, resignations, frauds and the like. We may not know the depth of these malpractices, but one thing we do know is that it is unfortunate that the best of the Banks with the best of the Corporate Governance /Risk management systems also do it. Is it greed or is it call of the survival during global recession…Its anybody’s guess.

Today, we wanted to share some very good guidelines and principles that can help to strengthen your Institute’s Risk Management frameworks. Basel Committee has been busy issuing guidelines. Here are some of the latest that may be worthwhile.

The internal audit function in banks - final document

This is a really good document that clearly defines the Internal Audit Function in Banks. As we are aware internal audit can be one of the most effective Risk Management elements and should be effective enough.

Monitoring indicators for intraday liquidity management - consultative document

Basel has identified a set of indicators that can help Banks monitor intra day liquidity.

Framework for dealing with domestic systemically important banks

On the lines of globally Systematically important banks, Basel feels that local banks large enough to impact local economy should also be monitored by the local regulators. An insight on this framework.

Please do contact us for risk management advisory, recruitment and training requirements.