38. When assessing the collective adequate knowledge and experience of the management or …

When assessing the collective adequate knowledge and experience³ of the management or administrative organ, credit servicers should assess separately the management body in its management and supervisory functions. The assessment of the adequate collective knowledge and experience should provide a comparison between the required adequate knowledge and experience of the management or administrative organ, as a whole, and the management or administrative organ ’ s actual collective knowledge and experience. The assessment should cover all business activities of the credit servicer and material organisational aspects as well as the underlying processes.

³ An example of a possible methodology for assessment tables for collective suitability can be found in Annex I of the Joint EBA and ESMA Guidelines on the assessment of members of the management body and key function holders under Directives 2013/36/EU and 2014/65/EU, but would need to be adjusted to relate to the business model of a credit servicer.

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.