The Executive Board Risk Forum: The Executive Board Risk Forum is responsible for determining the management strategy for critical risk and compliance issues at the Group and/or cross-divisional level.  Capital Allocation & Risk Management Committee (CARMC): CARMC is responsible for overseeing and directing our risk profile, recommending risk limits at the Group level to the Risk Committee and the Board, establishing and allocating risk appetite among the various businesses, reviewing new significant business strategies or changes in business strategies including business migrations, making risk-related decisions on escalations and for applying measures, methodologies and tools to monitor and manage the risk portfolio.  Valuation Risk Management Committee (VARMC): VARMC is responsible for establishing policies regarding the valuation of certain material assets and the policies and calculation methodologies applied in the valuation process.