Given the tremendous pace and intensity of current changes to payments and to the features of money, I would like to talk to you today about “Money – Changing Features and Eternal Requirements.” When people talk about money in Europe, they are mainly referring to banknotes and coins, as well as commercial bank money in giro accounts.
Senior management should seriously investigate the findings of audit to set up a risk culture in the bank. The next principles focus on Risk management environment, it outlines the bank’s approach to the identification, assessment, monitoring, control and mitigation of risk. Banks need to use various tools for proactive operational risk management.