Question
Section C The banks face risks from the internal and external environment. It is essential that the risks affecting the banking activities need to be
Section C
The banks face risks from the internal and external environment. It is essential that the risks affecting the banking activities need to be carefully identified and appropriately managed to add value to the entire stakeholders. Enterprise Risk Management (ERM) is a process of identifying the risks of an enterprise and address them appropriately. There are several steps that need to be followed as part of the ongoing process to manage the various risk appropriately. You are required to:
a. Discuss the main steps in the ERM process with suitable examples? (Note: The minimum word count should be 400) (20 marks).
b. Briefly discuss the advantages of the ERM process exercise by a Banking organization? (Note: The minimum word count should be 150) (10 marks)
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