+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/