Term Paper

Theboard of directors of the Bank have decided to modernize its Risk Management Strategies. As the newly appointed Risk Manager of the bank, make a report to the board of directors with anEvaluation of its Current Risk Management Approaches and Provide Recommendations for further improvement.

Additionally, suggest strategies to deal with COVID-19 which is currently not included in the bank's risk management strategy.

Questions:

1. Identify and analyze the key risks faced by the bank.

2. An evaluation of the bank's approach to deal with its risks.

3. Strategies should be undertaken by the bank to mitigate risks associated with COVID-19.