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Composition
In 2008, the Committee was composed of two non-executive directors and the Chief Executive Officer. Members have good knowledge of business, finance, banking, general management and credit. The Chief Risk Officer serves as Secretary to the Committee.
Responsibilities:
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Participates in the determination and definition of policies and guidelines for the approval of credit, operational, market/price and other risks within the group; defining acceptable risks and risk acceptance criteria;
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Sets and reviews credit approval limits for management;
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Reviews and ratifies operational and credit policy changes initiated by management;
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Ensures compliance with the bank's credit policies and statutory requirements prescribed by the regulatory or supervisory authorities;
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Reviews periodic credit portfolio reports and assesses portfolio performance;
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Reviews all other risks i.e. technology, market, insurance, reputation, regulations, etc.
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