Stage 1 Stage 2 Stage 3 Stage 4

Board Define risk appetite Large bids Decide on risk Review and make

mitigation strategies corrective decisions

ALCO Set Limits / KRI Long-Term Liquididy Decide on risk Review and make

mitigation strategies corrective decisions

RISK Cascade limits / KRI Monitor Limit / KRI Reporting /Proposal Check progress
Finance Receive information on limits / KRI Funding plan report Participate in ALCO, implement Board/

and organize Monitoring of risk exposures review proposals, ALCO decisions

make own suggestion

Treasury Receive information on limits / KRI Short-term liquidity Participate in ALCO, implement Board/

and organize Monitoring of risk exposures review proposals, ALCO decisions

make own suggestion

Business Units Receive information on limits / KRI Report on Cash flows Participate in ALCO, implement Board/

and organize Monitoring of risk exposures review proposals, ALCO decisions

make own suggestion