Risks and uncertainties Within the framework of its normal business operations, Nordea faces various risks and uncertainties. Maintaining risk awareness in the organisation is engrained in Nordea’s busi- ness strategies. Nordea has defined clear risk and liquidity management frameworks including policies and instructions for different risk types, capital adequacy and capital structure. Further information see Note G2. “Risk and Liquidity man- agement” on pages 102–135, Note G33 “Provisions” on page 168 and Note G38 “Contingent liabilities” on page 174.