Future of bank risk management: write down your view on what the bank of the future may look like, describing the nature of its activities and the environment in which it operates.

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Future of bank risk management.

15 marks = 900 words
30 = 1800 words
25 = 1500 words

  1. Write down your view on what the bank of the future may look like, describing the nature of its activities and the environment in which it operates.
    (15 marks)
  2. In light of the nature of the bank of the future’s activities and, based on current trends and
    emerging risks, identify and describe the risks the bank is likely to face and evaluate the
    implications of these risks for the bank’s effective risk management.
    (15 marks)
  3. Assess the extent to which regulatory responses to these risks will be required to improve
    bank risk management, with a view to keeping the bank of the future safe and sound and
    maintaining the stability of the financial system.
    (15 marks)
  4. Assess the ways in which the bank of the future will manage its key risks, and critically
    reflect on the extent to which adoption of a holistic, or enterprise wide, approach to risk
    management will be effective in measuring, monitoring and mitigating the risks to which
    the bank is exposed.
    (30 marks)
  5. Critically assess the ways in which best practice in risk management, including governance,
    could be applied to build and embed an effective risk culture in the bank of the future.
    (25 marks)