26. Use Test

An institution should document how the IRC process is reported internally, its resulting risk-measurement judgements and the role these judgements play in the (risk) management of the institution.

The procedures that, given the judgement of the IRC, lead to potential appropriate corrective action should be in place and well embedded within risk management.

A comparison of the ways internal market risk model outputs are reported, judged, audited and used internally by specific departments within the institution is considered a helpful way to clarify the use test.