HC-A.1.1
The purpose of this Module is to:
(a) Explicitly reinforce the collective oversight and risk governance responsibilities of the board;
(b) Emphasise key components of risk governance such as risk culture, risk appetite and their relationship to a licensee’s risk capacity;
(c) Delineate the specific roles of the board, board committees, senior management, chief financial officer, internal auditor, chief risk officer and head of compliance; and
(d) Strengthen licensees’ overall checks and balances.
Added: July 2023