Risk committee

The risk committee became effective on 1 July 2008 and took over many responsibilities of the former Chairman’s Office. The function of the risk committee is to oversee and support the Board in fulfilling its duty to supervise and set appropriate risk management and control principles in the area of (i) risk management and control, including credit, market, country and operational risks, and (ii) treasury and capital management, including funding and liquidity, and (iii) balance sheet management, including in each case any consequent reputational risk. For these purposes, the risk committee will receive all relevant information from the GEB.