63. When assessing the knowledge, skills and experience of a member of the management body …

When assessing the knowledge, skills and experience of a member of the management body, consideration should be given to theoretical and practical experience relating to:

• a. banking and financial markets;
• b. legal requirements and regulatory framework;
• c. strategic planning, the understanding of an institution’s business strategy or business plan and accomplishment thereof;
• d. risk management (identifying, assessing, monitoring, controlling and mitigating the main types of risk of an institution including environmental, governance and social risks and risk factors);
• e. accounting and auditing;
• f. the assessment of the effectiveness of an institution’s arrangements, ensuring effective governance, oversight and controls;
• g. the interpretation of an institution’s financial information, the identification of key issues based on this information, and appropriate controls and measures.

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/