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each of the businesses in which the entity is active, and the risks assumed as a
result of that business. It also explains the factors responsible for the results
obtained and provides comments about the most significant events.
2. Report to the Board of Directors on the Foreign Exchange Risk of Direct
risk to which the entity is exposed through its direct investments. This report
provides information to the Board of Directors on the entity's position, the extent
to which objectives have been achieved, and the results of hedging transactions.
3. Report to the Board of Directors on Commercial Banking Results the
CAR of each of the businesses and the percentage utilization of the risk limit, so
that the risks being assumed by the entity can be controlled in terms of Capital-atRisk.
6. Report to the Executive Committee on Market Risk
Institutions should put in place effective systems and tools for the measurement of
various quantifiable market risks and for the assessment of less quantifiable
market risks. These systems and tools should also be able to monitor the changes
in market risk factors (e.g., rates and prices) and other market conditions on a
daily or more frequent basis. The systems should, wherever feasible, be able to
assess the probability of future losses. It should also enable the Institutions to
identify promptly and take quick remedial action in response to adverse changes in
market factors.
7. Report to the Executive Committee on Credit Risk