IBANK 7.2.1 Principle 1: risk management culture

The general obligations of an Islamic banking business firm’s governing body and senior management under CTRL in relation to the firm’s risk management culture include an obligation to establish a strong operational risk management culture. A general reference in CTRL to risk management includes the management of operational risk specifically.

Derived from QFCRA RM/2015-2 (as from 1st January 2016)
Amended by QFCRA RM/2020-3 (as from 1st January 2021)