A sample listing of issues that typically plague the bank might include:

1. Are the bank’s overall strategic plans and budgets supported by measurable strategic objectives, initiatives and actions plans that are regularly monitored through clear strategy and performance reports?
   
   
2. Does the performance reporting and forecasting process take sufficient account of forward looking risk and its impact on performance? Are the bank’s forecasting techniques, scenario plans and sensitivity analyses fit for purpose in today’s climate?
   
   
3. Are the assets and liabilities of the bank being properly managed in order to maximise shareholder value, enhance profitability, optimise capital ratios, and protect the bank from any significant financial consequences arising from changes in interest rate, foreign exchange, liquidity and market risk?
   
   
4. Is the bank’s operational risk management process an integral part of the financial and performance management process? Does it meet the requirements of Basel II and can compliance with Basel II be supported by a fully documented process?
   
   
5. Has the bank put in place a plan to manage the impact of operational disruptions which may threaten its solvency and business continuity? Can the bank meet the requirements of Basel II with respect to its business continuity management process?
   
6. Does the bank have the necessary methodology and project management skills in place to successfully implement new financial systems whose objective is to improve the performance and financial reporting process?