Financial Risk Management
The Board is responsible for the entire process of risk management, as well as forming its own opinion on the effectiveness of the process. In addition, the Board determines the Group’s risk appetite or tolerance for risk – measuring its potential and ensuring such risks are actively managed. The Executive Management Team is accountable for designing, implementing and monitoring the process of risk management into its day-to-day business activities.
The Board is accountable for risk and is responsible for overseeing of the risk-management process. The Board has considered the most significant risks facing the Group, including quantitative exposure measures such as stress tests where appropriate.
Although not currently a regulated entity, the Company performs a formal internal capital adequacy and liquidity assessment process in compliance with the Capital Requirements Directive.