154. Competent authorities should assess whether the institution has a strong and comprehensive …

Competent authorities should assess whether the institution has a strong and comprehensive internal control framework and sound safeguards to mitigate its credit risk in line with its credit risk strategy and appetite. For this assessment, competent authorities should in particular pay attention to the adequate scope covered by the institution’s control functions (including all consolidated entities, geographical locations and credit activities), to the existence of operating limits and other practices aimed at keeping credit risk exposures within levels acceptable to the institution in accordance with its risk appetite and limits. For this purpose, competent authorities should pay particular attention to whether institution has appropriate internal controls and practices to ensure that breaches of (or exceptions to) policies, procedures and limits are reported in a timely manner to the appropriate level of management for action, including checks to identify, assess and manage ML/TF risks to which the institution is exposed as a result of the credit granting activities.

1. Přehled

1.1 Odkazy

1.2 Identifikované požadavky

1.3 Související standardy

2. Identifikované požadavky

3. Související standardy

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