Risk And Capital Management Committee

The purpose of the Risk and Capital Management Committee is to assist the Board and management in monitoring the risk, capital and liquidity functions of the Bank. During the year, this committee was restructured, resulting in compliance reporting being removed from its scope. Compliance is now monitored primarily by the Board and the audit committee, in alignment with prevailing banking legislation and regulatory requirements.

A summary of some of the key terms of reference of the Risk and Capital Management Committee includes, among others:

• Assisting the Board in its evaluation of the adequacy and efficiency of the risk policies, procedures, practices and controls applied within the Bank in the day to day management of its business.
  
• Assisting the Board in identifying and regularly monitoring all key risks and key performance indicators to ensure that its decision making capability and accuracy of its reporting are maintained at a high level.
• Approving the formal risk management functional plan for the ensuing year, which covers all areas of risk management within the Bank using a risk based methodology.
• Ensuring that the Bank establishes and maintains an internal capital adequacy assessment policy, whereby policies and procedures exist to ensure the Bank identifies, measures and reports all material risks related to capital management.
• Overseeing compliance with material laws and regulations impacting the Bank.
• Reviewing, monitoring and providing guidance on matters related to the Bank’s IT and information management strategies, governance, operations, policies and control.

This Committee comprises of the following members:

• Mr. R. Lachman ( Chairperson)
• Mr. A. A Dogar
• Mrs. S.M. Nyasulu
• Mr. A. Ameed