The bank’s Board encourages a risk culture and prudent behaviours at all levels;
(ii)
The Board Risk Committee (“BRC”) provides oversight and challenges the risk exposures, risk appetite, and tolerance; and
(iii)
The Risk Management Function (RMF) is structured, including reporting lines and a summary of functions and responsibilities. The RMF should have authority, responsibilities, and resources, to conduct risk related policies and the risk management framework, and committees addressing the risk function.