117. Where competent authorities have suspicions that the failure to implement effective systems …

Where competent authorities have suspicions that the failure to implement effective systems and controls may be deliberate, they should consider a more robust follow-up action, which would ensure an immediate cessation of such behaviour by the subject of assessment. In such circumstances, competent authorities should cooperate with and exchange information on and, where necessary, coordinate actions with respect to the subject of assessment’s failures with prudential supervisors.

•  O

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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