38. When assessing the collective adequate knowledge and experience of the management or …

When assessing the collective adequate knowledge and experience³ of the management or administrative organ, credit servicers should assess separately the management body in its management and supervisory functions. The assessment of the adequate collective knowledge and experience should provide a comparison between the required adequate knowledge and experience of the management or administrative organ, as a whole, and the management or administrative organ ’ s actual collective knowledge and experience. The assessment should cover all business activities of the credit servicer and material organisational aspects as well as the underlying processes.

³ An example of a possible methodology for assessment tables for collective suitability can be found in Annex I of the Joint EBA and ESMA Guidelines on the assessment of members of the management body and key function holders under Directives 2013/36/EU and 2014/65/EU, but would need to be adjusted to relate to the business model of a credit servicer.

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/