Title[ Part 4: The Third Pillar — Market Discipline
Section[ 1. General qualitative disclosure requirement
824. For each separate risk area (e.g. credit, market, operational, banking book interest rate risk, equity) banks must describe their risk management objectives and policies, including:
w strategies and processes;
w the structure and organisation of the relevant risk management function;
w the scope and nature of risk reporting and/or measurement systems;
w policies for hedging and/or mitigating risk and strategies and processes for monitoring the continuing effectiveness of hedges/mitigants.
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