208. Competent authorities should assess whether: a. the governance arrangements, processes and …

Competent authorities should assess whether:

• a. the governance arrangements, processes and procedures related to valuation adjustments are sufficiently sound, especially with regard to less liquid positions, and consistent with the investment firm’s strategy;
• b. the IT systems and processes linked to the valuation framework are robust;
• c. the adequacy of the adjustments performed by the investment firms is periodically reviewed.

Model risk

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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