QUESTION TWO $($COMPULSORY$)$

A new bank appoints you as the Chet Fisk Olficer to te responsihle for Governance, Compliance and Enberprise Rusk Management. As a fresh graduate you hawe been given an opporturity to spearhead the imgiomentaton of an enterprise$-$wide risk maragemenL framework, to help the organisation effectively and proactrely manage the risk envirorment

Required:

Write a report recommencing to management the key pflars of rak management that shoud be put in place to laciitate an effecthe nsk management tramework for the tank. $(10$ Marks$)$

$2$ Discuss the Lermindogy Risk Appeitie as if celases $10$ credit of detault risk for a financial nssatution $(5$ Marks$)$