57. In order to achieve a comprehensive understanding of risks associated with individual subjects …

In order to achieve a comprehensive understanding of risks associated with individual subjects of assessment, competent authorities should establish and maintain an ongoing process and methodology for assessing and reviewing risks associated with the subjects of assessment. When developing their risk assessment processes, competent authorities should:

• a) Be guided by the outcome of the assessment of risks within the sector or subsector to which the subject of assessment belongs. In essence, with the sectoral or subsectoral risk assessment, the competent authority will have already identified the main inherent risks to which individual subjects of assessment within a given sector or subsector are exposed.
• b) Determine how they will assess the relevant inherent risk factors identified under Step 1 of the RBS Model that affect the subject of assessment.
• c) Gather the necessary information that allows them to understand the subject of assessment ’s exposure to customer, products and services, geographical and distribution channel risks. This means that competent authorities should consider whether the same information is required in respect of all subjects of assessment. Where information is gathered from the subjects of assessment, competent authorities should refer to the section on the ‘Quality Assurance’ in these guidelines for additional safeguards that should be put in place.

1. Ħarsa ġenerali

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

3. Standards relatati

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