OREANDA-NEWS. The Board of Directors (Board) of Hong Kong Exchanges and Clearing Limited (HKEx) today (Thursday) resolved to establish a Risk Committee to oversee the overall risk management framework of HKEx and its subsidiaries (HKEx Group) and advise the HKEx Board on the risk the HKEx Group faces.  The Risk Committee’s member list and terms of reference can be found on the HKEx website.

The Risk Committee will be in addition to HKEx's existing statutory Risk Management Committee (RMC), which focusses on cross-market risks in Hong Kong.  The RMC's member list and terms of reference can be found on the HKEx website.

"Given the Board’s role in risk management and our businesses' strategic significance for Hong Kong and Mainland China as well as the world’s base metals industry, and taking into account the two new clearing houses within the group, OTC Clear and LME Clear, we have decided to further strengthen the Group's risk governance structure by establishing a committee to enhance oversight over the Group’s enterprise-wide risk management," said HKEx Chairman C K Chow.