Transcription of Risk management report - The Vault
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Risk management report - The Vault
1 Standard Bank Group risk management report for the six months ended June 2010 Risk managementreportfor the six months ended 30 June management Bank Group risk management report for the six months ended June 2010 Risk managementtough economic environment. Executive management remained closely involved in important risk management initiatives, which have focused particularly on preserving appropriate levels of liquidity and capital, and effectively managing the risk portfolios. Responsibility and accountability for risk management resides at all levels within the group, from the board down through the organisation to each business manager and risk specialist. risks are controlled at the level of individual exposures and at portfolio level, as well as in aggregate across all businesses and risk Focus areas for 2010 In our 2009 annual report we set out specific risk focus areas for 2010. We continue to make good progress on these initiatives.
1.1 Introduction Effective risk management is fundamental to the business activities of the group. While we remain committed to increasing shareholder value by developing and growing our business within our board-determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.
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