He has ample opportunity to talk directly with the Governor or the Chairman of the Board Audit Committee if he feels that is required. Currently we are refreshing our risk model and have developed an embedded enterprise risk management lead community through all of our business units. These people work with the Heads of Departments to identify, assess and manage the business risks.
The model is enterprise driven in that it aligns risks to departmental objectives in a context of the over-riding governing mandate for the Bank: the Reserve Bank Act. The model also includes major projects and smaller initiatives and actions that relate to specific risks.