The Bank’s risk appetite is approved annually by the Board of Directors. The Executive Management Board oversees the implementation of risk management policies designed to ensure that risks are identified, appropriately measured and controlled, monitored and reported. The Executive Management Board also approves individual risk limits as well as monitors the actual risk levels.
Risk Management of the Bank is independent from the business units and it is supervised by the Bank’s COO. The risk is managed in line with the Swiss laws and regulations as well as best market practices. Risk Management promotes risk awareness and facilitates an appropriate risk culture in the Bank. Risk Management is closely controlling and monitoring credit, market, liquidity and operational risks.