31. In order to decide the appropriate time to return to compliance, the competent authority should …

In order to decide the appropriate time to return to compliance, the competent authority should at least consider the following elements in its assessment:

• a. the i nstitution’s record of breaches ;
• b. the promptness of notifying about the breach;
• c. the reason(s) for the breach;
• d. the systemic nature, complexity and magnitude of the breach;
• e. the possible impact on the overall financial situation of the institution;
• f. the overall risk concentration in the banking book of the institution across different counterparties;
• g. the type of client or group of connected clients and its creditworthiness;
• h. the measures already implemented to resolve the breach.

The institution’s record of breaches

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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