63. When assessing the knowledge, skills and experience of a member of the management body …

When assessing the knowledge, skills and experience of a member of the management body, consideration should be given to theoretical and practical experience relating to:

• a. banking and financial markets;
• b. legal requirements and regulatory framework;
• c. strategic planning, the understanding of an institution’s business strategy or business plan and accomplishment thereof;
• d. risk management (identifying, assessing, monitoring, controlling and mitigating the main types of risk of an institution including environmental, governance and social risks and risk factors);
• e. accounting and auditing;
• f. the assessment of the effectiveness of an institution’s arrangements, ensuring effective governance, oversight and controls;
• g. the interpretation of an institution’s financial information, the identification of key issues based on this information, and appropriate controls and measures.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

  DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.