,RSK4801 Assignment 2 (COMPLETE
ANSWERS) Semester 1 2025 – DUE July 2025;
100% correct solutions and explanations.
The purpose of a risk report is to inform a bank's stakeholders
about its performance for a reporting period and address the
various compliance reporting requirements. The information
below regarding 2021 (one year after the COVID-19 pandemic)
is provided for consideration for a risk report for the Region
Bank. Reporting structure The Region Bank's reporting structure
entails the following reports: • Governance report Discusses the
Bank's governance approach and priorities. • Environmental,
Social and Governance (ESG) report Provides an overview of the
Bank's processes and governance structures relating to social
and environmental matters. • Annual financial statements
Entails the Bank's full audited annual financial statements. •
Risk and capital management report Sets out the Bank's
approach to risk management. • Climate-related financial
report Provides information on how the Bank is managing the
risks and responding to the opportunities presented by climate
change. The Board of Directors (hereafter, Board) plays a crucial
role in the management and reporting process of the Bank. For
the reporting period, the Board must be satisfied that: • The
Bank's risk, compliance, treasury, capital management, and
internal audit processes were operating effectively. • The Bank's
business activities were managed within the approved risk
, appetite. • The Bank is adequately funded and capitalised to
support the execution of the approved strategy. • Appropriate
remedial actions were taken for instances that incurred losses,
led to a breach in the risk appetite or actions that incurred
fines/penalties by the regulators. The Chief Risk Officer made
the following general comments: A focus area during the year
was operational risk management to enhance the banks
performance and address the various compliance reporting
requirements. The risk report was reliable in simplifying and
supporting management decisions and risk data. A more robust
approach was followed to enhance the level of implementation
of risk management and the requirements of the code of ethics
within the Bank. The environmental, social, and governance
(ESG) risks and their impact on operational risk management
remain a focus area. A climate policy was developed to set
certain climate-related targets aligned with the government's
overall approach. The Bank continues to embed a risk
management culture to ensure risk-taking to support the
strategic objectives. The Bank remains committed to complying
with the minimum regulatory requirements and operates within
the internally approved risk appetite. In addition, the following
information was reported for 2021 (post-COVID-19 year), which
may be relevant for drafting the operational risk management
report. Economic environment The continent and the world
have experienced multiple COVID-19 issues, leading to
ANSWERS) Semester 1 2025 – DUE July 2025;
100% correct solutions and explanations.
The purpose of a risk report is to inform a bank's stakeholders
about its performance for a reporting period and address the
various compliance reporting requirements. The information
below regarding 2021 (one year after the COVID-19 pandemic)
is provided for consideration for a risk report for the Region
Bank. Reporting structure The Region Bank's reporting structure
entails the following reports: • Governance report Discusses the
Bank's governance approach and priorities. • Environmental,
Social and Governance (ESG) report Provides an overview of the
Bank's processes and governance structures relating to social
and environmental matters. • Annual financial statements
Entails the Bank's full audited annual financial statements. •
Risk and capital management report Sets out the Bank's
approach to risk management. • Climate-related financial
report Provides information on how the Bank is managing the
risks and responding to the opportunities presented by climate
change. The Board of Directors (hereafter, Board) plays a crucial
role in the management and reporting process of the Bank. For
the reporting period, the Board must be satisfied that: • The
Bank's risk, compliance, treasury, capital management, and
internal audit processes were operating effectively. • The Bank's
business activities were managed within the approved risk
, appetite. • The Bank is adequately funded and capitalised to
support the execution of the approved strategy. • Appropriate
remedial actions were taken for instances that incurred losses,
led to a breach in the risk appetite or actions that incurred
fines/penalties by the regulators. The Chief Risk Officer made
the following general comments: A focus area during the year
was operational risk management to enhance the banks
performance and address the various compliance reporting
requirements. The risk report was reliable in simplifying and
supporting management decisions and risk data. A more robust
approach was followed to enhance the level of implementation
of risk management and the requirements of the code of ethics
within the Bank. The environmental, social, and governance
(ESG) risks and their impact on operational risk management
remain a focus area. A climate policy was developed to set
certain climate-related targets aligned with the government's
overall approach. The Bank continues to embed a risk
management culture to ensure risk-taking to support the
strategic objectives. The Bank remains committed to complying
with the minimum regulatory requirements and operates within
the internally approved risk appetite. In addition, the following
information was reported for 2021 (post-COVID-19 year), which
may be relevant for drafting the operational risk management
report. Economic environment The continent and the world
have experienced multiple COVID-19 issues, leading to
