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+Article 19 2. |
Article 19 2.Institutions shall have effective controls related to the governance of all fair-valued positions, and adequate resources to implement those controls and ensure robust valuation processes even during a stressed period. These shall include all of the following:
(a)
at least an annual review of valuation model performance;
(b)
management sign-off on all significant changes to valuation policies;
(c)
a clear statement of the institution's risk appetite for exposure to positions subject to valuation uncertainty which is monitored at an aggregate institution-wide level;
(d)
independence in the valuation process between risk taking and control units;
(e)
a comprehensive internal audit process related to valuation processes and controls. 1. Resumen
1.1 Referencias1.2 Requisitos identificados1.3 Estándares relacionados2. Requisitos identificados
3. Estándares relacionados
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