At the same time credit growth has been subdued resulting in:   A 22% increase in liquidity since December 2010 despite the Central Bank absorbing more than $ million of this liquidity from the banking system. In terms of government finances, the country’s fiscal position has improved markedly. With sound fiscal management, revenue collection has increased and expenditure contained within budget allocations.
The supervisory board is a core element of good governance and risk-oriented management. But it’s not the only element. The frame that a bank builds around the risks it takes – the risk appetite framework – is equally important.