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Modelling risk management in banks brings attention to the essence of banks paying adequate attention to the inherent risks in their operation and explains how these risks are identified, measured, analyzed, and controlled. Banks are also encouraged in this book to have a risk management culture that uses the Bow-Tie Technique, where the relationship between the causes and consequences of operational issues in banks are provided for and handled seamlessly by staff on a daily basis. This book is therefore a must read for all progressive bankers, as it brings an empirical finding of a research which was aimed at determining why there have been persistent bank failures in the financial system of the world using Nigeria as a test case, and to investigate whether ineffective risk management, coupled with poor corporate governance practices and nonadherence to regulations, played a significant role in their failures. In synthesizing the relationships between the main constructs of the study, contemporary risk management techniques are suggested on how to manage the risks holistically in an enterprise risk management (ERM) environment to enable banks to allot their available capital.
About the author
Dr. Dan Okehi is a seasoned insurance practitioner and a financial/management consultant. An author of repute, Fellow of the Chartered Insurance Institute of Nigeria, and a Ph.D holder in management. He is the Chairman of Rehoboth Micro- Finance Bank Ltd in Lagos, and a Lecturer in Risk Management and Insurance in two Nigerian Universities.
