Enterprise Risk Management Guidance Notes

Published: Thursday June 22nd, 2023

Amended: Wednesday July 26th, 2023

These Guidance Notes provide the industry with the Central Bank’s minimum expectations when developing an ERM Framework that enables SFIs to develop and implement strategies, policies, procedures and controls to effectively manage risks. SFIs are encouraged to tailor their framework to align with the nature, size, and complexity of their business and risk appetite. SFIs are expected to notify the Central Bank of any changes or deviation from their Board approved risk management framework.