Methodology for assessing the management of strategic risk of the bank

The article proves the need to assess and monitor the strategic risk of the bank on an ongoing basis. The author's methodology for assessing the management of strategic risk of the bank, based on the international principles of the Basel Committee of Banking Supervision, international standards of financial reporting and current legislation of the Republic of Belarus, is presented. The methodology consists of several stages, including the collection of information for risk assessment, the distribution of information between criteria of assessment, the assignment of scores to each criteria on the basis of expert judgment and the scale of assessment, the summing of scores and the determination of the final score, and the determination of the degree of efficiency of the strategic risk management system of the bank. This assessment can be used by the bank in developing measures to improve the efficiency of strategic risk management of the bank. This methodology enables additional monitoring of the bank's strategic risk management system and measures aimed at its effective control by the bank's owners and top management. The methodology is approved and used in the banking system.