A Structured Approach to Enterprise Risk Management in Ethiopian Commercial Banks

The aim of the study was to develop an enterprise risk management framework for Ethiopian commercial banks. This approach is undertaken to enhance the risk management systems and practices and foster the soundness and stability of the Ethiopian banking system. The study employed a multi-stage m...

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Bibliographic Details
Main Authors: Tsega Meseret Biresaw, Athenia Bongani Sibindi
Format: Article
Language:English
Published: AIFIRM 2025-04-01
Series:Risk Management Magazine
Subjects:
Online Access:https://www.aifirm.it/wp-content/uploads/2025/04/RMM-2025-01-Excerpt-4.pdf
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Summary:The aim of the study was to develop an enterprise risk management framework for Ethiopian commercial banks. This approach is undertaken to enhance the risk management systems and practices and foster the soundness and stability of the Ethiopian banking system. The study employed a multi-stage mixed methods research design that includes content analysis, survey study and Delphi techniques. The study established an enterprise risk management framework that comprises seventy-one constructs and seven factors. The factors include Vision, mission, core values and strategy, Risk management environment, Risk management function, Risk Management tools and process, Risk appetite and tolerance limit, Alignment and integration, and Enhanced value.
ISSN:2612-3665
2724-2153