A meeting on risk management was held at 10 am yesterday at the Central Bank of Myanmar Conference Hall in Nay Pyi Taw. It was attended by Daw Than Than Swe, Governor of the Central Bank of Myanmar, Deputy Governor Dr Lin Aung, directors-general and officers from various departments of CBM, and BOD members and senior managers from state-owned, private, and foreign banks.

During the discussion, the Governor of the Central Bank of Myanmar addressed the need for all banks to strictly follow the CBM’s risk management guidelines in line with international standards, emphasized that Board of Directors of the bank and senior managers must be aware of, accountable for, and effectively manage credit and operational risks, noted the upcoming amendments from the Basel Committee in 2025 and instructed banks to review and revise their risk management policies and procedures based on the discussion outcomes.

Afterwards, directors from the Department of Banking Regulation and Supervision presented discussed several key topics. These included the legal framework for risk management, guidelines on credit risk and operational risk management standards for banks, the rationale behind the Basel Committee’s 2025 amendments and additions to credit risk management, and the specific points to be amended or supplemented in line with the Committee’s requirements in the Risk Management Guideline issued by the CBM.

In addition, the presentation covered findings from the CBM’s onsite and offsite supervision, current risk management processes, areas requiring changes or improvements by banks, and case studies related to fraud risk, anti-money laundering (AML), and compliance.

Afterwards, participants asked questions about unclear topics and areas of interest, and officials provided detailed answers.

MNA/TH

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