Though there has been a significant increase in the number and amount of contracts, participation in the markets continues to remain limited mainly to select foreign and private sector banks and PDs. In fact, PDs are expected to be market makers in this segment.
Today I want to focus on the role that risk management can play in strengthening corporate governance from the point of view of boards of directors, management, and internal control functions. Managing Risks The last decades of the twentieth century were, without a doubt, a period of dramatic change in financial engineering, financial innovation, and risk-management practices.