+4. Guidelines on internal policies, proce-dures and controls to ensure the imple-mentation of Union and national restric-tive measures
---+General provisions
------+1. Financial institutions should identify and assess which areas of their business are particularly …
------+2. These policies, procedures and controls should be effective and proportionate to the size …
---+4.1 Governance framework and the role of the management body
------+3. Financial institutions should put in place a governance framework to ensure that policies …
------+4. The financial institution’s managem ent body should be responsible for approving the financial …
------+5. Where the business of the financial institution is directed by a single person, this person may …
------+6. Where the financial institution is the parent undertaking of a group as defined in Article 2 …
------+7. Where a financial institution is the parent undertaking of a group, the management body of the …
------+8. The management body in its supervisory function should be responsible for overseeing and …
------+9. In addition to the provisions set out in the Guidelines EBA/GL/2021/05 , the management body of …
------+10. Where a financial institution is the parent undertaking of a group, the management body of that …
------+11. In addition to the provisions set out in the Guidelines EBA/GL/2021/05, the financial …
------+12. Where the financial institution is the parent undertaking of a group, the management body of …
------+13. Financial institutions should appoint a senior staff member in charge of performing the …
------+14. The management body may assign this role to a senior staff member who already has other duties …
------+15. The management body should allow the senior staff member to assign and delegate the tasks …
------+16. Irrespective of the institutional arrangements, financial institutions should ensure that: a. …
------+17. Where the financial institution is part of a group, the management body of the parent financial …
------+18. The senior staff member should develop, put in place and maintain policies, procedures and …
------+19. The senior staff member should: a. take the measures necessary to ensure compliance with …
------+20. Where the financial institution is part of a group, the group-level senior staff member should …
------+21. The senior staff member should oversee the preparation and implementation of the training …
---+4.2 Conducting a restrictive measures exposure assessment
------+22. Internal procedures of financial institutions should cover the assessment of restrictive …
------+23. The restrictive measures exposure assessment should enable the financial institutions to …
------+24. The assessment referred to in paragraph 22 should be based on a sufficiently diverse range of …
------+25. When performing a restrictive measures exposure assessment, financial institutions should …
------+26. Financial institutions should ensure that their restrictive measures exposure assessment …
------+27. Financial institutions should document their methodology for conducting and reviewing their …
------+28. Where the financial institution is the parent undertaking of a group, the group management body …
---+4.3 Ensuring the ongoing effectiveness of restrictive measures poli-cies, procedures and controls
------+29. To be effective, a financi al institution’s policies, procedures and controls for the …
------+30. Policies, procedures and controls should at least cover: a. processes to ensure that the …
---+4.4 Training
------+31. Financial institutions should provide training to their staff members on a regular basis to …
------+32. Training should be tailored to staff members and their specific role. It should be timely and …
------+33. Financial institutions should document their training plan and stand ready to demonstrate upon …
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4. Guidelines on internal policies, proce-dures and controls to ensure the imple-mentation of Union and national restric-tive measures
4. Guidelines on internal policies, proce-dures and controls to ensure the imple-mentation of Union and national restric-tive measures
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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