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 2022 the Committee held six meetings. The Committee was considering the results of the annual self-assessment of the operational risks of the National Bank’s structural subdivisions, monitoring and analysis of risk events occurred during this period and proposals to minimize their consequences. The results of the analysis show that the operational risks were within the acceptable limits.  

Also, in accordance with the Risk Management Policy of the National Bank and taking into account the international standards and advanced concepts of risk management (ISO 31000 Risk Management, COSO Risk Management of Organizations), the focus was on further improvement of the operational risk management methodology.