25. Members of the management or administrative organ should have an up-to-date understanding of …

Members of the management or administrative organ should have an up-to-date understanding of the business of the credit servicer and all of its risks, at a level commensurate with their responsibilities. This includes an appropriate understanding of those areas for which an individual member is not directly responsible but is collectively accountable together with the other members of the management or administrative organ. Up-to-date knowledge may be achieved through training, professional experience and undertakings.

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/