33.1. Hedging guidelines and financial risk management principles
The principles and responsibilities for managing and controlling the risks that could arise from financial instruments are defined by the Board of Management and monitored by the Supervisory Board. General rules apply to the Group-wide risk policy; these are oriented on the statutory requirements and the “Minimum Requirements for Risk Management by Credit Institutions”.
Group Treasury is responsible for operational risk management and control. The Scania subgroup is not coordinated centrally because of restrictions under stock exchange law. The integration process has not yet been completed for MAN. However, these companies have their own, well-established risk management structures. The Executive Committee for Liquidity and Foreign Currency is regularly informed about current financial risks. In addition, the Group Board of Management and the Supervisory Board are regularly updated on the current risk situation.
For more information, please see the management report.