RISK MANAGEMENT PROCESS
ØRisk Management Process is a method by which risks are formally identified, quantified and managed during the execution to ensure risks are avoided, transferred or mitigated. The process entails completing a number of actions to reduce the likelihood of occurrence and the severity of impact of each risk.
ØThe Risk Management in Nepal Rastra Bank includes the following steps:
a.       Establish policy
b.      Risk identification
c.       Risk assessment
d.      Risk response/control activities
e.       Periodic monitoring and assessment
f.        Communication and consultation
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