159. For this purpose, competent authorities should verify that arrangements are in place to ensure …

For this purpose, competent authorities should verify that arrangements are in place to ensure that business and support units, the first line of defence, will be responsible in the first instance for identifying and managing the risks they incur in conducting their activities and for establishing and maintaining adequate processes and controls to ensure that such risks are analysed, measured, monitored, duly reported and kept within the limits of the credit institution’s risk appetite and that they are in compliance with internal and external regulatory requirements.

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.