Abstract
The purpose of this research is to evaluate the role of the Executive Risk
Management Committees (ERMCs) in the risk management framework for the
banking industry of Pakistan. Qualitative approach was used to address the
research question of this study. In depth interviews were conducted from the
CROs/Heads of Risk, Heads of Market Risk and Heads of Credit Risk of
commercial banks of Pakistan. The results of the study show that the
involvement of Asset-Liability Committee and Credit Risk Committee is very
crucial in each phase of the risk management process. Moreover, the results
show that the critical oversight of the market & Liquidity risk management
process stages e.g. identification, assessment, monitoring & controlling is
done by the ALCO. The study recommends that the ERMCs (ALCO and CRC)
should analyze the projects using a holistic view of risk rather a silo view so
that each committee can incorporate the effects of all kind of risks inherent in
the projects and can give a better evaluation of the proposals to the BRMC
Muhammad Bilal, ali raza, hassan raza, muhammad nehal hussain. (2019) Evaluating the Role of Executive Management in Risk Governance Perspective: A Case of Banking Industry of Pakistan , Journal of Managerial Sciences, Volume 13, Issue 4.
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