Annual Report 2012 - National Savings Bank

135ASSESSING AND MANAGING OUR RISK FACTORSRISK MANAGEMENTCONCLUSIONThe objective of risk management isto enhance the awareness of risk in itsactivities and ensure that the risks areconsciously taken with full knowledge,clear purpose and understanding,so that risks can be measured andmitigated systematically.The Bank would take actions forconsolidation of its risk managementmeasures in the future too particularlyin respect of Regulatory and Baselcompliances to the maximum extentso that the Bank can take consciousproactive risk measures in its futureendeavours.The Bank has been continuouslyengaging in establishing policies,organisational setups, systems andprocedures and other operationalsupport services in managing alltypes of risks. As a result, identifying,measuring, monitoring, reporting andmanaging risk have been improving andgradually spreading to the operationallevels. The Bank has taken and willcontinue to take effective actions toimprove the Management InformationSystem, Data Warehousing Solution,Existing IT Applications and SystemSecurities and, establishment ofcontrols to create a better environmentfor risk management.NATIONAL SAVINGS BANK . ANNUAL REPORT 2012