361. When assessing the investment firm’s ILAAP framework, competent authorities should assess …

When assessing the investment firm’s ILAAP framework, competent authorities should assess whether ILAAP calculations are credible. Calculations used by investment firms should be considered credible where they properly cover the risks they are looking to address. Calculations should be considered understandable where there is a clear breakdown and summary of the underlying components of the ILAAP calculations.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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