Extract to table

Under the revised protocol, Level 3 matters must be reported to the Board Chair and all Board members within 24 hours of identification, with a formal Board briefing to follow within 72 hours

The CRO is also authorized to request executive sessions with the Risk Committee without management present, and the Committee is required to hold no fewer than two such executive sessions per year

The Revised Risk Committee Charter specifies that the Risk Committee shall meet no fewer than eight (8) times per year

The Committee is required to document its verification activities and conclusions in its meeting minutes, creating a contemporaneous record of the Committee's independent oversight

The revised charter specifies that the Committee shall have unrestricted access to the Bank's books, records, systems, and personnel for purposes of fulfilling its oversight responsibilities

Matters meeting these thresholds must be reported to the Board Chair and the Risk Committee Chair within 24 hours, with a written briefing provided to the full Board within 72 hours