RISK BASED SUPERVISORY SYSTEM (RBSS) ENTITY TRAINING

NBFIRA has deployed RBSS training teams to travel around the country, rolling out the RBS System to 592 regulated entities. The system is formally structured to assess risks within the financial system. It assesses the degree of risk and determines how to reduce risk in an institution's business operations. The RBSS system encourages regulated entities to identify their own risks and provide solutions in a timely manner. It also allows NBFIRA to produce timely and accurate reports for decision making thereby promoting optimal supervision. NBFIRA…Working towards financial stability!!!