5.1 Information on business model and strategy

On business model and strategy, competent authorities should ensure that they receive from institutions the following:

• a. description of the current business models including identification of core business lines, markets, geographies, subsidiaries and products the institution operates;
• b. description of main income and cost drivers, allocated to core business lines, markets and subsidiaries.

On forward-looking strategy, competent authorities should ensure that they receive from institutions the following:

• a. description of the changes planned by the institution to the current business model and its underlying activities (including information on operational changes (such as IT infrastructure) or governance issues);
• b. projections of key financial metrics for all core business lines, markets and subsidiaries;
• c. description of how the business strategy and ICAAP/ILAAP are linked.