Risk Management and the Asset Manager Code

As an asset manager, you are responsible for adhering to the Asset Manager Code, which emphasizes ethical practices and risk management procedures. You are evaluating your organization's risk management framework in light of the Code's principles.

The Code states that firms should establish and maintain a comprehensive and effective risk management process that identifies potential risks throughout the investment management process, mitigates those risks, and regularly reviews this process. However, your firm has recently experienced significant market volatility, raising concerns about your current practices.

In this context, which of the following actions best aligns with the principles of the Asset Manager Code related to risk management?