Article 5 Overview of the assessment of qualitative requirements

verify whether the institution has a clear organisational structure for the governance and management of the market risk model, including well defined, transparent and appropriate lines of responsibility;

verify whether the decision-making process of the institution regarding all aspects of market risk internal models is clearly established in the institution’s internal documentation;

verify, in accordance with Article 6:

verify, in accordance with Article 7, whether the set-up of the trading desks for which the institution is in the process of being granted the approval, or has already obtained the approval, is adequate;

assess, in accordance with Article 8, the internal governance and oversight of the institution in relation to the risk control unit;

assess, in accordance with Article 9, whether the internal policy is adequate for the introduction of new products;

verify, in accordance with Article 10, whether the internal model is reviewed independently;

assess:

assess, in accordance with Article 13, the adequacy of the internal regular reporting;

assess:

assess:

assess, in accordance with Article 19, the adequacy of the IT systems;

verify, in accordance with Article 20, whether the internal risk-measurement model, including any pricing model, has a proven track record of being reasonably accurate in measuring risks, and does not differ significantly from the models that the institution uses for its internal risk management.

For the purposes of point (a), competent authorities shall take into account the nature and size of the institution, and the scale and complexity of its activities.