The objective of risk management is to avoid unexpected losses and safeguard the continuation of operations.
The aim of central government is to manage all risks in a systematic manner. The risk management process consists of identification of risks, quantification and evaluation of risks, risk monitoring and reporting, and active management of risk positions.
The main risks are financing risk (long-term refinancing risk and short-term liquidity risk), market risk (interest and exchange rate risk), credit risk, operational risk, and legal risk.
Legal risk
Financing risk
Exchange rate risk
Interest rate risk
Credit risk
Operational risk
Internal control