In line with the provisions of BoG Governor's Act on risk management and internal controls, the purpose of the Board's Risk Management Committee is: a) to develop NBG's risk assumption and capital management strategy in line with business objectives, on both the Group and individual entity level, as well as adequacy of available resources in terms of infrastructure and staff; b) to control the function of the Group Risk Management Division (GRMD) in terms of independence, adequacy and effectiveness; c) to ensure the development and ongoing effectiveness of NBG's internal risk management system and its integration into the business decision-taking process as regards any type of risk, including operational risk, across all business lines/units of the Bank and the Group; d) to define the principles governing NBG's risk management function in terms of identifying, estimating, measuring, monitoring, controlling and addressing the relevant risks in line with NBG's current business strategy and available resources; e) to be regularly apprised, and monitor the overall risk profile, of the Bank and the Group and provide the Risk Management Division with guidance as regards the implementation of NBG's risk appetite strategy and risk management policies, including compliance with the current regulatory framework for capital adequacy; f) to ensure that the Bank's Board is adequately apprised of all matters relating to NBG's risk assumption strategy, risk bearing capacity and risk profile in the exercise of its supervisory and strategy functions.