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.
Book traversal links for 3.1.1 Organisational Structure