RISK MANAGEMENT
Risk management applies across all business lines with consideration to business goals, policies, business complexity and capability of the Company. As such, risk management falls within an overall internal control structure that generally aims to ensure effective implementation and compliance with strategic planning processes and business operations of the Company.
In 2018, the Company periodically reviewed the entire risk profle and risk appetite as part of risk mitigation's planning process. Other risk management activities involved problem identifcation, mitigation plan, risk accommodation and step design. Through these activities, the Company succeeded in identifying a number of business risks, particularly those involving credit, liquidity and price. Note 24 to the Financial Statement in this Annual Report explains in detail the corresponding risk type and management mechanism.