143. Competent authorities may make use of the work performed by internal and external auditors in …

Competent authorities may make use of the work performed by internal and external auditors in reviewing a credit institution’s credit risk assessment and ECL measurement functions³³ .

4.4.3 Principle 3 — Capital adequacy assessment

Competent authorities should also consider a credit institution’s credit risk practices when assessing a credit institution’s overall capital adequacy.

³³ EBA Guidelines on Internal Governance (GL44) and EBA Guidelines on communication between competent authorities and statutory auditors (EBA/GL/2016/05)

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/