The Committee is appointed by the Board of Directors to assist the Board in its oversight of
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Question:
The Committee is appointed by the Board of Directors to assist the Board in its oversight of
(i) the Company's global enterprise risk management framework, including the Company's risk appetite statement, risk tolerance levels and limits ("Risk Appetite Statement"),
(ii) the Company's capital, liquidity and funding planning and strategy,
(iii) resolution and recovery planning, and
(iv) the independence of the Chief Risk Officer and the risk management function.
Risk assessment and risk management are the responsibility of the Company's management. The Committee's responsibility in this regard is one of oversight and review.
- Choose the duties listed above and describe the Committee's role in helping the Board of Directors carry out those risk assessment and risk oversight duties.
Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 9780134421827
7th Edition
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt
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