In effect, reliable, qualified and competent managers, as well as governance models based on efficient monitoring systems are instrumental for the soundness of the financial system.
They are a necessary condition for the sound and prudent management of the institutions, ensuring appropriate practices and procedures for managing risks incurred by the institutions in the course of their regular activity, especially: 1.  Credit risk;  2. Liquidity risk;  3. Market risk;  4. Operational risk;  5. Reputational risk.