Consequently, all supervised financial institutions planning to roll-out new financial products must conduct comprehensive evaluation of inherent risks associated with such products and proceed to institute credible risk management framework prior to launching such products. I am reliably informed that Orient Bank Limited has met these requirements.
But rules can only take us so far. Ultimately, it is people who make good or bad decisions. And this is where banks’ risk managers come into play. They are the first line of defence against excessive risks. Thank you for your attention. 2/2  BIS central bankers' speeches