97. Competent authorities should assess whether or not an investment firm’s internal governance …

Competent authorities should assess whether or not an investment firm’s internal governance arrangements are adequate for and commensurate with the investment firm’s risk profile, business model, nature, size and complexity. They should identify the extent to which the investment firm complies with the applicable EU and national requirements regarding sound internal governance arrangements and identify any shortcomings. Competent authorities should evaluate in particular whether or not the internal governance arrangements ensure the sound management of risks and include appropriate internal controls and oversight. Competent authorities should establish if there are material risks posed by poor internal governance arrangements and their potential effect on the risk profile sustainability of the investment firm.

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.