156. Competent authorities should assess whether the applicant credit institution has an …

Competent authorities should assess whether the applicant credit institution has an appropriate internal control framework which is commensurate with the credit institution’s envisaged activities, business model, complexity and associated risks (e.g. online onboarding of clients, cybersecurity protection and arrangements). Competent authorities should be satisfied of the adequacy of the allocated human resources both in terms of number of FTEs and qualifications, of the appropriateness of the systems and budget to support the conduct of the tasks.

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.