Informe_Anual_Cecabank

70 / 76

Page. 70
| | |
| | |
|
03 Our Business Model
Cecabank 2015 Annual Report
The Assets and Liabilities
Committee (ALC)
The purpose of the Assets and Liabilities Committee
(ALC) is to approve, inform, manage, monitor and control
the entity’s financial risks. With regard to risks, it works
within the Risk Tolerance Framework, agreed upon by
the Board at the proposal of the Risk Committee.
28 meetings in 2015
The Financial Risk Committee
The object of this committee is to ensure that the
entity’s exposure to risk falls within the tolerance levels
established by the Board and the ALC, to permanently
adapt risk management procedures to the increasing
sophistication of the financial market and to align them
with capital requirements at each moment in time and
also to permanently adapt valuation methods to the best
market practices and the needs of the entity.
11 meetings in 2015
The Investment Committee
The object of the Operating and Finance Division’s
Investment Committee is to address the division’s
ordinary management, paying special attention to the
activity of the Finance Division, in accordance with the
policies approved by the Board of Directors and the
guidelines given by the ALC, reporting back to it with
the information necessary for decision-making.
22 meetings in 2015
The New Product Committee
This committee’s mission is to ensure that the bank
has full knowledge of the risks incurred in operations
in the markets and with financial products. It has the
necessary infrastructure for its management, control
and administration. It furthers the standardization of
the financial products the entity works with, from the
perspective of systems and procedures.
1 meeting in 2015
The Liquidity Contingency Committee
This committee evaluates possible liquidity crisis
situations, decides whether the contingency plan
should be activated, in the light of the quantitative and
qualitative indicators and, where relevant, it classifies
the degree of intensity of the crisis. It evaluates the
specific reason behind the crisis situation and assesses
its possible duration and the seriousness of the liquidity
problem. It coordinates the divisions involved in executing
the plan and makes the necessary adjustments to it to
bring it in line with the market situation.
11 meetings in 2015
The Operational Risk and Compliance
Committee
This committee’s task is to promote the implantation
of control of the compliance risk at the entity. It also
analyses the information which it receives from the
Operational Risk unit about the management of
operational risk and provides procedures and systems
for transferring risk (insurance, guarantees, outsourcing
and others) in order to mitigate latent operational risks.
3 meetings in 2015