Risk Management Maturity Assessment at Central Banks

By Nicolas Denewet, Antonio Manzanera, Sanjeev Matai, Elie Chamoun

December 27, 2019

Preview Citation

Format: Chicago

Nicolas Denewet, Antonio Manzanera, Sanjeev Matai, and Elie Chamoun. Risk Management Maturity Assessment at Central Banks, (USA: International Monetary Fund, 2019) accessed November 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

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.

Subject: Banking, Central bank risk management

Keywords: Framework maturity level, Risk management, Risk management framework, Risk management function, Risk management practice, WP

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2019/303
Stock No:

WPIEA2019303
ISBN:

9781513521992
ISSN:

1018-5941

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