Risk Management is an important management process which plays an important role in taking the organization to its objective among the changing globalization business environment and highly competitive situation nowadays. Effective risks management system reflects good business moral management and transparency, which are the fundamental for the bank to steadily grow and endure.
Krung Thai Bank PCL, Thailand’s leading financial institution, realizes the importance of overall Enterprise Risk Management: ERM. Beside the risk management of the Bank of Thailand’s regulations in 2008, we began to utilize Enterprise Risk Management Framework of Committee of Sponsoring Organizations of the Treadway Commission: COSO’s standard to execute and manage risks for all levels of personnel: the committee, senior executives and staffs who are responsible for managing or controlling risks to proper or acceptable level, and to achieve objectives, strategies, obligations and visions as we regulated for improving efficiency.
