The imperatives of developing risk management framework for individual risk elements in Nigerian banks.

Authors

Emmanuel M. Abolo, Access Bank Plc.

Publisher

Central Bank of Nigeria.

Keywords

Risks, Enterprise Risk Management Framework (ERMF), Risk Management, Credit Risk Management Committee (CRMC)

Abstract

This paper states that for a bank to be successful over the long term, it has to effectively manage its opportunities, threats and uncertainties. The point of risk management is not to eliminate it. That would eliminate reward. The point is to manage it. That is, choose where to place bets and where to avoid betting altogether.

Author Bio

Dr. E.M. Abolo is Chief Economist and Head, Market Risk Management, Access Bank Nigeria Plc.

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

46

Recommended Citation

Abolo, E. M. (2008). The imperatives of developing risk management framework for individual risk elements in Nigerian banks. CBN Economic and Financial Review, 46(4), 139-167.