Risk Management Framework
žDa Afghanistan Bank
žRisk Management Department
žAn effective risk management framework includes.
ž
ža) Clearly defined risk management policies and procedures  
ž          covering risk identification, acceptance, measurement,  
ž          monitoring, reporting and control.
žb) A well constituted organizational structure defining clearly   
ž          roles and responsibilities.
žc) There should be an effective management information system  
ž          that ensures flow of information from operational level to top
ž          management and a system to address any exceptions 
ž          observed.
žd) The framework should have a mechanism to ensure an
ž          ongoing review of systems, policies and procedures for risk
ž          management and procedure to adopt changes.