+Article 37 4

Article 37 4

4.   Competent authorities shall verify whether the institution ensures both of the following:

(a)

any overshooting, including those relating to the back-testing referred to in Article 325bf(5) of Regulation (EU) No 575/2013, is reported to senior management within three working days of the date the overshooting has been identified;

(b)

the analyses referred to in paragraphs 1 and 2 are reported to the competent authority and to the senior management within one month of the date the overshooting has occurred.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards