70. The composition of the management body should reflect the knowledge, skills and experience …

The composition of the management body should reflect the knowledge, skills and experience necessary to fulfil its responsibilities. This includes that the management body collectively has an appropriate understanding of those areas for which the members are collectively accountable, and the skills to effectively manage and oversee the institution, including the following aspects:

• a. the business of the institution and main risks related to it;
• b. each of the material activities of the institution;
• c. relevant areas of sectoral/financial competence, including financial and capital markets, solvency and models, environmental, governance and social risks and risk factors;
• d. financial accounting and reporting;
• e. risk management, compliance and internal audit;
• f. information technology and security;
• g. local, regional and global markets, where applicable;
• h. the legal and regulatory environment;
• i. managerial skills and experience;
• j. the ability to plan strategically;
• k. the management of (inter)national groups and risks related to group structures, where applicable.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/