I would like to add that as non-executive directors you must focus on identifying the specific areas in the bank which pose greater risks and devote more time and energy to those areas. Need for an effective management information system That, however, tempts me to pose some more very basic, but interesting questions. We are talking about identification of risk, their management and mitigation.
This mandate, which mirrors the mandates of a very large majority of the EU national central banks before 1999, is enshrined in the Maastricht Treaty, which was signed by all governments of the European Union and ratified by all the parliaments. It has been mentioned in the appropriate place in the Constitution just approved at the end of the term of the Irish Presidency.