FORMATION OF
RISK MANAGEMENT UNIT
¢Banks
are required to:
—establish an independent Risk Management
Unit (RMU)
—RMU conducts-
¢ stress testing for examining the bank's
capacity to defend future
shocks and
¢deals with all potential risks that might occur in
future.
—prepare a risk management paper and must place in the monthly meeting of RMU
—Submit a risk management paper querterly within 10 days of each querter