155. When a re-assessment is triggered, due consideration should be given to: a. the assigned …

When a re-assessment is triggered, due consideration should be given to:

a. the assigned duties and reporting lines within the institution, including where applicable within the group, in order to establish whether any material fact or finding should be allocated to one or more responsible members of the management body. In this context, assigned duties should be determined taking into account all relevant documentation, including but not limited to governance charters and codes, internal organigrams and other forms of designating areas of responsibility, internal policies, assessments of the suitability available and additional information provided in this context, letters of appointment or job descriptions, and minutes of meetings of the management body; and
b. the credibility and reliability of any fact that triggered the re-assessment, and the seriousness of any allegations of or actual wrongdoing of one or more members of the management body. Institutions should determine the credibility and reliability of information (e.g. the source, the plausibility, any conflicts of interest of the source giving the information) among other considerations. Institutions should note that the absence of criminal convictions alone may not be sufficient to dismiss allegations of wrongdoing.

1. Overview

Summary	Regulation

Requirements
Source	Requirement

Standards
Source	Requirement