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The committee is responsible for overseeing that the New Capital Accord is properly implemented by December 2006 under the Standardized Approach and subsequently under the Foundation and Advanced Internal Ratings-Based Approach. The committee has authority to appoint working groups to carry out the preparation for and the implementation of the New Accord, to review the work done, and to decide on the recommendations by the working groups. The committee is also in charge of reporting the work progress and obstacles to the Management Committee, and the Board of Directors.
The committee consists of:
1.
President and CEO
Chairman
2.
S enior Executive Vice President -Risk Management
Vice Chairman
3.
Deputy President & Deputy CEO
4.
S enior Executive Vice President-Institutional Banking