"Barclays Annual Report 2011"
Barclays Annual Report 2011 Barclays risk management strategy – Steps and Activities Steps Activity Identify – Establish the process for identifying and understanding business-level risks. Assess – Agree and implement measurement and reporting standards and methodologies. Control – Establish key control processes and practices, including limit structures, impairment allowance criteria and reporting requirements. – Monitor the operation of the controls and adherence to risk direction and limits. – Provide early warning of control or appetite breaches. – Ensure that risk management practices and conditions are appropriate for the business environment. Report – Interpret and report on risk exposures, concentrations and risk-taking outcomes. – Interpret and report on sensitivities and Key Risk Indicators. – Communicate with external parties. Manage and Challenge – Review and challenge all aspects of the Group’s risk profile. – Assess new risk-return opportunities. – Advise on optimising the Group’s risk profile. – Review and challenge risk management practices.