78. The task allocation mechanism established within the college operational framework should be …

The task allocation mechanism established within the college operational framework should be deemed efficient and effective when it achieves the following objectives:

• (a) it avoids unnecessary duplication of tasks, optimises supervisory resources, employs all available intelligence and expertise, and removes unnecessary burdens on the supervised institutions;
• (b) it reflects supervisory expertise in terms of technical skills or knowledge of the local market, ensuring that each competent authority performs the tasks it is best placed to perform;
• (c) it reflects the manner in which a supervised entity that operates on a cross-border basis through significant-plus branches is organised and is proportionate to the nature, scale and complexity of the supervised entity concerned;
• (d) it is well suited to the supervision of an institution considering its management organisation (i.e. centralisation/decentralisation) and in terms of the organisation of its business lines.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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