He said the thrust of the approach is, to improve the risk, compliance, and governance culture amongst the financial institutions. He said in commercial banks there needs to be separation of ownership from management.
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Unknown title or inappropriate governance and assurance functions; poor decision-making by senior management; and misalignment of internal incentive structures with external stakeholder interests,” he said. <span>He said the thrust of the approach is, to improve the risk, compliance, and governance culture amongst the financial institutions. He said in commercial banks there needs to be separation of ownership from management. He said the apex bank has further enhancing its off-site surveillance mechanism. “The objective of the off-site surveillance system would be to ‘smell the distress’, if any, and be able Summary
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