+Article 19 2.

Article 19 2.

Institutions shall have effective controls related to the governance of all fair-valued positions, and adequate resources to implement those controls and ensure robust valuation processes even during a stressed period. These shall include all of the following:

(a) 

at least an annual review of valuation model performance;

(b) 

management sign-off on all significant changes to valuation policies;

(c) 

a clear statement of the institution's risk appetite for exposure to positions subject to valuation uncertainty which is monitored at an aggregate institution-wide level;

(d) 

independence in the valuation process between risk taking and control units;

(e) 

a comprehensive internal audit process related to valuation processes and controls.

1. Oversigt

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1.1 Referencer

1.2 Identificerede krav

1.3 Relaterede standarder

2. Identificerede krav

Krav

3. Relaterede standarder

Standarder