HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings PLC has empowered its Group Risk Committee with the task of overseeing all aspects of risk management, including both financial and non-financial risks within the Group. Comprised of independent non-executive directors, the Committee is responsible for providing independent oversight and advice to the Board on the Group’s risk profile and the effectiveness of its risk controls and conduct framework. This structure is designed to ensure the Group’s resilience and the protection of its financial and non-financial health against potential risks.
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