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General Information
Corporate Management
Financial Information
The Risk Management Department is responsible for analyzing,
identifying, measuring, monitoring, reporting and controlling
risks. It also establishes and applies risk management policies,
guidelines and rules in compliance with principles approved
by the Board of Directors. Risk analysis reports related to
credit, market and operational risks are submitted to the Audit
Committee, Senior Management and the Board of Directors on
a monthly basis to be evaluated and taken into consideration
during the decision-making process.
The software programs that were purchased for market risk
management and asset-liability management were installed;
hence, more effective risk management mechanisms were
established. Full conformity with Basel Committee and Banking
Regulation and Supervision Agency (BRSA) regulations was
ensured. Besides, credit risk amount, the most important
component of capital adequacy standard ratio, is being
calculated daily by new software put into use recently. Since
full conformity was achieved with Basel II, Basel II Compliance
Committee continues its duty as Basel III Compliance
Committee. The regulations of Basel III and their requirements
are among the prior issues on the agenda of Risk Management
Department. Especially within the scope of liquidity risk
management, interactive applications were preferred and
software and consultancy support services were procured.
The Internal Capital Adequacy Assessment Process Report for
2013 year-end was prepared under the coordination of Risk
Management Department within the scope of the relevant
legislation and was submitted to the BRSA in September. In
addition to these initiatives, A&T Bank has continued efforts
to switch to full automation of reporting and documentation
procedures as required under both internal and external
regulations.
In 2014, the Bank’s regulations for internal systems have
been updated and improved. The Bank’s workflow processes
continued to be prepared extensively and comprehensively
to achieve compliance with T24, the banking system; during
these modifications, the Internal Control Department and the
Inspection Council provided the necessary support to the
business units involved. Within the scope of A&T Bank Business
Continuity Management Plan, scheduled activities were
carried out in coordination and the participation of the relevant
departments of the Bank.
During the strategic decision-making process, the Bank’s Board
of Directors and Senior Management always assess and take
into account works conducted in the context of internal systems
management including audit findings, comprehensive risk
analyses, simulations, stress tests and similar studies. The daily
and other periodic controls and audits carried out, throughout
2014 any situations have not been faced that could adversely
affect the activities of the Bank nor any that could prevent
the Bank from fulfilling its obligations. The Committee noted
the overall success of internal control and risk management
systems. It also noted that the Bank’s activities in general bear a
manageable level of risk and that all financial and official reports
are prepared accurately and in compliance with all applicable
legislations.
Abdurauf Ibrahim Shneba
Chairman of the Audit Committee