HC-3.5.5
The
(a) Include both quantitative and qualitative considerations;
(b) Establish the individual and aggregate level and types of risks that the bank is willing to assume;
(c) Define the boundaries and business considerations according to which the bank is expected to operate;
(d) Be aligned with the bank’s strategic, capital and financial plans and compensation practices; and
(e) Be communicated effectively throughout the bank, linking it to daily operational decision-making and establishing the means to raise risk issues and strategic concerns across the bank on a timely and proactive basis.
Added: April 2023