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Other corporatewide committees involved in risk management generally includethe heads of related risk disciplines such as finance, compliance, internal audit,legal and selected business unit heads. Although each institution is different, one ormore committees are typically responsible for credit risk, market risk, asset/liabilitymanagement, liquidity risk, and operating risk. These committees meet on a regularbasis to discuss the risk condition of the institution. The question faced by institutionswith such a model is who really is in charge of the agenda and consequentlyhas direct accountability for firm-wide risk.
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