Risk management
Aktia's core business is to offer customer-specific and profitable
deposit, investment, financing and payment transaction services to
private individuals, corporate customers, organisations and associations
within its field of business. All the other business operations of
the Group are designed to support these core services. The role of
risk management is to identify the threats and possibilities that
affect the implementation of Aktia Group's strategic business objectives.
The aim of risk management is to ensure a consistent financial performance
in the long term and thereby inspire confidence in the bank. Risks
are identified, defined and measured. In addition, they are followed
up on and analysed systematically. At the same time, it is guaranteed
that the risks are correctly priced and dimensioned so that the Group's
ability to bear the risks is not jeopardised.
Organisation of risk management
Aktia's Board of Directors defines the principles
applied to risk-taking and makes decisions on the goals and organisation
of risk management.
In addition, the Board of Directors establishes an annual risk
management strategy and risk policy, issues authorisations to the
bank's executive
management and monitors risk management.
The Group organisation
is structured in such a way that the preparation, determination,
implementation and auditing of decisions are carried
out independently of one another. Decisions are prepared and
handled in the various business units where the decisions are made
within
the framework of established risk limits. Finances, which is
independent of the business units, is responsible for measuring and
monitoring
the risks.
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