Article 455 1.

its objectives in undertaking trading activities and the processes implemented to identify, measure, monitor and control the market risk;

the policies referred to in Article 104(1) for determining which position is to be included in the trading book;

a general description of the structure of the trading desks covered by the internal models, including for each desk a broad description of the desk’s business strategy, the instruments permitted therein and the main risk types in relation to that desk;

an overview of the trading book positions not covered by the internal models, including a general description of the desk structure and of types of instruments included in the desks or in the desk categories in accordance with Article 104b;

the structure and organisation of the market risk management function and governance;

the scope, the main characteristics and the key modelling choices of the different internal models used to calculate the risk exposure amounts for the main models used at the consolidated level, and a description of the extent to which those internal models represent the models used at the consolidated level, including, where applicable, a broad description of the following: