CIC has an established risk management framework and risk thresholds that governs its investment activities to ensure shareholder's return is maximized within a clear risk tolerance. CIC assumes and manages those risks where it can extract value, such as credit and market risk, while reducing and preventing its exposure to operational risk.
CIC's risk framework is designed to exercise a balance between risk preference and risk bearing capacity in its investment model. To ensure that its operations and investments are managed in accordance with predetermined risk guidelines, CIC has established a comprehensive risk management system. Its internal risk management system is based on international best practices, such as the risk management principles established by the Committee of Sponsoring Organizations (COSO), developed to give clear directions and guidance for enterprise risk management.
CIC manages risks via an internal set of positions, departments, and committees that are tasked to directly manage or monitor risk issues. These include, but are not limited to: