29. For the purposes of paragraph 28(c) examples of such material deficiencies, which in …

For the purposes of paragraph 28(c) examples of such material deficiencies, which in combination can have a material negative prudential impact on the institution, can include:

• - inadequate strategic planning and formalisation of risk tolerance/appetite and its risk management framework, leading to the inability to identify, manage and report the risks the institution is or might be exposed to;
• - material weaknesses, deficiencies or issues that were not properly and/or in a timely manner reported to the management body;
• - inadequate internal control mechanisms;
• - major reputational depreciation resulting from the non-compliance with ‘fit and proper’ criteria of individuals with key functions in the institution;
• - major reputational depreciation arising from a lack of transparency in the conduct of business and operations or incomplete/inaccurate disclosure of information;
• - major litigation or disputes in the nomination and succession of individuals performing key functions in the institution;
• - major non-compliance with remuneration requirements.

1. Przegląd

1.1 Odwołania

1.2 Zidentyfikowane wymagania

1.3 Powiązane normy

2. Zidentyfikowane wymagania

3. Powiązane normy

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