Managing credit, market and operational risks

34. The proposed BBR Rules impose regulatory requirements on a bank to establish, implement and maintain robust risk management systems and controls, which are appropriate for the nature, scale and complexity of its business and for its risk profile. The proposed rules, guidance and standards for management of all risk categories applicable to banking business, including but not limited to credit, market and operational risks, interest rate risk in the banking book (IRRBB) and liquidity risks, are compliant with the various risk management standards forming part of the Basel III framework.