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Risk Management Maturity Assessment at Central Banks

Nicolas Denewet, Antonio Manzanera, Sanjeev Matai and Elie Chamoun

No 2019/303, IMF Working Papers from International Monetary Fund

Abstract: Effective risk management at central banks is best enabled by a sound framework embedded throughout the organization that supports the design and execution of risk management activities. To evaluate the risk management practices at a central bank, the Safeguards Assessments Division of the IMF’s Finance Department developed a tool that facilitates stocktaking of elements that are present and categorizes the function based on its maturity. Tailored recommendations are then provided to the central bank which provide a roadmap to advance the risk management function.

Keywords: WP; risk management; risk management framework; risk management practice; risk management function; framework maturity level (search for similar items in EconPapers)
Pages: 27
Date: 2019-12-27
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