32. When assessing the adequate knowledge and experience of a member, consideration should also be …

When assessing the adequate knowledge and experience of a member, consideration should also be given to knowledge areas where a general understanding is needed for the purpose of the day-to-day management of the credit servicer, including:

• a. assessment of the effectiveness of a credit servicer ’ s governance, oversight and internal controls;
• b. banking and financial activities;
• c. contractual law;
• d. accounting and auditing;
• e. the interpretation of financial information, the identification of key issues based on this information, and appropriate controls and measures; and
• f. managerial knowledge.

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.