+26. Use Test
---+1. An institution should document how the IRC process is reported internally, its resulting …
---+2. The procedures that, given the judgement of the IRC, lead to potential appropriate corrective …
---+3. A comparison of the ways internal market risk model outputs are reported, judged, audited and …
|
26. Use Test
26. Use Test
1. Overview
| Summary |
Regulation |
|
1. An institution should document how the IRC process is reported internally, its resulting …
|
An institution should document how the IRC process is reported internally, its resulting risk-measurement judgements and the role these judgements play in the (risk) management of the institution.
|
|
2. The procedures that, given the judgement of the IRC, lead to potential appropriate corrective …
|
The procedures that, given the judgement of the IRC, lead to potential appropriate corrective action should be in place and well embedded within risk management.
|
|
3. A comparison of the ways internal market risk model outputs are reported, judged, audited and …
|
A comparison of the ways internal market risk model outputs are reported, judged, audited and used internally by specific departments within the institution is considered a helpful way to clarify the use test.
|
,
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
|