Banking · Risk Governance
In modern banking, risk governance is treated as an integral part of corporate governance because unchecked growth may undermine capital and stability. Risk governance primarily ensures that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Internal audit substitutes entirely for risk management
- 2Only the regulator is responsible for identifying emerging risks
- 3Risk-taking remains aligned with board-approved policies, limits, and control frameworks✓
- 4Business growth is pursued without internal challenge
Correct answer
Risk-taking remains aligned with board-approved policies, limits, and control frameworks
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