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The Supervisory Approach of the Bank

The Supervisory Approach of the Bank

Summary

Find out more about The Supervisory Approach of the Bank.

The Supervisory Approach of the Bank
The Bank has adopted a Risk Based Supervision approach (RBS). This approach places more emphasis on understanding and assessing the adequacy of each banking institution’s risk management systems, which are in place to identify, measure, monitor and control risks in an appropriate and timely manner. It is also a risk focused and an ongoing process whereby risks of banks are continuously assessed through the use of on-site examination and off-site analysis techniques, and where necessary, appropriate supervisory plans are designed and executed. The approach further encourages continuous interaction between the regulator and management of banking institutions.

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