Risk management system in a banking holding company: contemporary challenges
Keywords:
risk management, corporate governance, bank, banking holding company, risk factor, sustainable development, ESG agenda, cybersecurity, emerging risks, personnelAbstract
The article examines the new challenges that Belarusian banks and bank holding companies have faced in recent years in the course of their activities and the management of related risks. Contemporary challenges include new international and national regulatory approaches to risk management in the context of corporate governance, the ESG agenda, transition to IFRS, cyber threats, emerging risks, and personnel deficit. The measures taken to counter these challenges in Belarusian banks and bank holdings are analyzed, and recommendations for additional measures are given, new emerging risks are identified and management tools are proposed.
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