Cambodia’s Financial Sector Takes Step towards Enhanced Compliance and Risk Management

The National Bank of Cambodia has established the Regulatory Policy and Risk Assessment Department (RPRA) to strengthen financial stability and ensure compliance with regulatory requirements.

Key Responsibilities

• Study applications for licenses, certificates, or authorization letters from businesses seeking to operate in Cambodia’s financial sector
  • Review requests for license suspension or withdrawal
  • Ensure all necessary requirements are met before granting approval
• Monitor and analyze risks within the banking system using specialized risk assessment techniques
  • Identify potential threats
  • Participate in on-site examinations of financial institutions to assess their risk management practices
  • Provide guidance where necessary
• Organize training sessions for staff at the Directorate General of Banking Supervision to enhance knowledge and skills in regulatory compliance and risk management
• Handle administrative tasks for the Directorate General of Banking Supervision, ensuring smooth and efficient operations

Role in Maintaining Financial Stability

By performing these critical functions, the Regulatory Policy and Risk Assessment Department is helping to:

• Maintain Cambodia’s financial stability
• Promote a safe and sound banking environment
• Ensure compliance with regulatory requirements

The establishment of RPRA marks an important step towards enhanced compliance and risk management in Cambodia’s financial sector. The department plays a crucial role in preparing, consulting, and advising on the implementation of regulations related to banking and financial institutions operating under its authority.