75. The management body of a consolidating institution should ensure that the different group …

The management body of a consolidating institution should ensure that the different group entities (including the consolidating institution itself) receive enough information to get a clear perception of the general objectives, strategies and risk profile of the group and how the group entity concerned is embedded in the group’s structure and operational functioning . Such information and revisions thereof should be documented and made available to the relevant functions concerned, including the management body, business lines and internal control functions. The members of the management body of a consolidating institution should keep themselves informed about the risks the group’s structure causes , taking into account the criteria specified in Section 7 of the guidelines. This includes receiving:

• a. information on major risk drivers;
• b. regular reports assessing the institution ’ s overall structure and evaluating the compliance of individual entities ’ activities with the approved group-wide strategy; and
• c. regular reports on topics where the regulatory framework requires compliance at individual, sub-consolidated and consolidated levels.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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