ANALYSIS OF THE EFFECTIVENESS OF THE RISK MANAGEMENT SYSTEM IN COMMERCIAL BANKS

Abstract

Banking systems in different countries of the world, as well as the sustainability and effectiveness of their development, are constantly under the control of international organizations, central banks of countries and the public. This universal interest is due to the activities of banks related to the accumulation of funds in them and placement on their behalf. Commercial banks are financial intermediaries and active business structures that are exposed to a variety of risks in carrying out their operations. Global economic crises, the complexity of the functioning of various economic systems have prompted the development of a risk-based approach to banking business. This led to the creation of internal risk management systems in organizations, and primarily in banks. The problem of systemic risk management in the banks of Kazakhstan is under constant attention from the National Bank of the Republic of Kazakhstan. This is due to the main development goals of the country aimed at creating a modern banking system and promoting sustainable and balanced economic development. The continuous improvement of banking operations in different countries of the world has led to the increased importance of banking supervision over banks and the development of alternative forms of control over the activities of banks, including in our country.