Page 10 - Pillar 3 Disclosure
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framework relative to the Society’s activities; review the adequacy and quality 

of the risk management function; and review the effectiveness of the risk 

reporting;

 Develop the ICAAP and ILSA and recommend for Board approval annually;


 Develop the Society’s Strategic Risk Register including an assessment of the

controls and mitigations described for those risks identified;

 Provide oversight and approve the stress testing framework for use within the

ICAAP, Going Concern, and Corporate Plan;


 Review results of stress testing and reverse stress testing and ensure

continued development of the suite of tests to ensure they remain robust and

appropriate;

 Review and monitor any Risk Mitigation Plans requested by the PRA or FSA.






Assets and Executive Management of:
The committee 

Liabilities
Directors,  Wholesale Credit risk;
meets monthly


Executive  Liquidity risk;

Type of Managers and at  Market risk.

Committee: least one non- 

Executive
executive 


director. Finance 

staff attend.

Retail Credit Risk
Executive Management of:
The committee 

Directors,  Retail Credit risk;
meets monthly


Type of Executive  Mortgage concentration risk.

Committee: Managers and 

Executive
one non- 

executive 

director. 


Mortgage staff 

attend.








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