| Q1: What are the elements of a sound risk management system? 96th BPE Q1(a); 99th BPE Q1(b) | Answer |
| Q2: Explain the role of the Board of Directors in sound risk management practices in a financial institution. 96th BPE 1(b) | Answer |
| Q3: What are the minimum criteria for appointing a Chief Risk Management Officer (CRO)? 96th BPE 1(c) | Answer |
| Discuss the role of BRMC in managing the risks of a bank | Answer |
| What are the roles and responsibilities of the Chief Risk Officer (CRO)? | Answer |
| What are the areas where the activities of RMD are segregated? Mention some important tasks of these areas. | Answer |
| Discuss the major functions of Regulatory Authority and Public as a key player of corporate governance and risk management in banks. | Answer |
| “Audit Committee and Internal Auditors are considered as an extension of the Board’s Risk Management function.” Do you agree? Justify your answer. | Answer |
