; duties (1) In general The CRO shall have such functions, powers, and duties as may be prescribed by one or more of the following: This Act, the bylaws of the Bank, and the Board. The CRO shall report directly to the Board. (2) Risk management duties In order to carry out the purposes of this Act, the risk management committee shall— (A) create financial, credit, and operational risk management guidelines and policies to be adhered to by the Bank; (B) set guidelines to ensure diversification of lending activities by both geographic region and infrastructure project type; (C) create conforming standards for all financial assistance provided by the Bank; (D) monitor financial, credit and operational exposure of the Bank