The Risk Committee carries out activities to minimize risks of the National Bank’s activities by coordinating the work of structural subdivisions in the field of identification, assessment and limitation of risks peculiar to the National Bank’s activities.
The Risk Committee comprises a member of the Board of the National Bank who is the Chairman of the Committee and six heads of structural subdivisions of the National Bank. The membership of the Risk Committee is approved by the order of the Chairman of the National Bank.
The activities of the Risk Committee in compliance with its main functions and objectives are focused on consideration of risk management issues in the National Bank for the purpose of making recommendations and proposals to optimize the risk management process.
In 2023 the Committee held eight meetings. The Committee reviewed the results of the annual self-assessment of operational risks of the structural divisions of the National Bank. Changes have been made to the Risk Management Policy of the National Bank regarding the definition of sanctions risk.
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