The Risk Committee assists the board in the oversight of the firm’s global enterprise risk management framework; the major risk exposures of the company, including market, credit, liquidity, operational, funding, reputational and franchise risk against established risk measurement methodologies and the steps management has taken to monitor and control such exposures; the company’s risk appetite statement (including risk limits and risk tolerances, which are approved annually); the company’s significant risk management and risk-assessment guidelines and policies; and the performance of the Chief Risk Officer who reports to the Chief Executive Officer and the Risk Committee.