(IV)  Role of banks’ management in building up resilience to risks and shocks  As the regulatory architecture has evolved over a little over the last couple of decades, it has been accompanied by an increasing emphasis on internal controls and methodologies for building up the banks’ resilience to risks and shocks.
First line of defence for risk management has to come from bank managements and specially from bank boards. Assessment and planning of capital adequacy by banks is key to ensuring that banks remain resilient to risks and shocks.