Speaking at the inauguration of the Chartered Risk Management Institute of Nigeria (CRMI), formally known as the Risk Management Association of Nigeria(RIMAN), Emefiele emphasised the need for financial institutions to adapt and evolve their risk management frameworks to effectively address emerging risks and challenges.
He noted that, with the rapid advancement of technology and changing dynamics in the financial sector, it has become imperative for risk professionals to expand their expertise beyond traditional areas such as credit and liquidity risk.
Emefiele, who was represented by the director of Risk Management Department, CBN, Dr. Blaise Ijebor, also added that, CBN is committed to fostering a robust risk management culture within the industry by enabling the identification, assessment, and mitigation of risks at both institutional and system-wide levels.
