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Risk Committee

Updated: 22 Mar 2016
Consists of 5 INEDs (including the Board Chairman as the chairman of the Committee)

Major roles and functions
  • To advise the Board on the Group’s risk appetite statement(s), risk principles and other risk-related issues
  • To oversee risk management framework to identify and deal with financial, operational, legal, regulatory, technology, business and strategic risks faced by the Group
  • To approve the Group’s risk policies and risk tolerances, and review risk reports and breaches of risk tolerances and policies
  • To consider emerging risks relating to the Group’s business and strategies to ensure that appropriate arrangements are in place to control and mitigate the risks effectively
  • To review the effectiveness of the Group’s risk control/mitigation tools
Operating mode
Meet at least 4 times a year with additional meetings as the work demands

Risk Committee Report
The work done during each year is summarised in the Risk Committee Report which constitutes part of the annual report starting from 2015