The Management of Operational Risk Through Appropriate Insurance Schemes

If yes to 3, does this individual: * Have clear and specific responsibility for operational risk assessment, risk management, and risk financing activities within the bank ? * Have a written position description ? Has an Operational Risk Management Committee been formed to assist the Operational Risk Management in assessing, planning, and managing operational risk management activities? 4.1 If yes to 4, are all major operational and staff areas of the bank represented on the committee to include: Specify such areas represented i.e. Internal Audit, Treasury Operations, Credit Card / ATM's etc. 4.2 If yes to 4, does the Committee meet on at least a quarterly basis? 4.3 If yes to 4, does the Committee report to the Chief Operating Officer ?