B.19/04: Risk management framework

The Board, having reviewed document GCF/B.19/19 titled “Risk management framework: Proposal by the Risk Management Committee”:

1. Adopts the second set of components of the risk management framework as contained in annexes IV to VI to this document as follows:
   
   1. Risk management framework component V – investment risk policy, as set out in annex IV;
   2. Risk management framework component VI – non-financial risk policy, as set out in annex V; and
   3. Risk management framework component VII – funding risk policy, as set out in annex VI;
2. Decides to update component III of the risk management framework “Risk dashboard – revised reporting on concentration” as set out in annex VII to this document;
3. Requests the Secretariat to publish the updated risk dashboard every quarter hereafter;
4. Recognizes that the risk management framework will evolve over time and shall be subject to reviews and revisions as stated in each individual component of the risk management framework and that any resulting revisions of a material and/or substantive nature shall be presented to the Board for its consideration and approval.