Article 10 2

(a)

the review is proportionate to the nature, size, and complexity of the institution’s business and organisational structure, and in particular to the complexity of the internal models and their implementation;

(b)

the reviewer has resources that are adequate to undertake all relevant activities, and sufficiently experienced and qualified staff;

(c)

the reviewer is not, nor has been involved in any aspect of the design and implementation of the internal model subject to review;

(d)

the reviewer is independent from the staff and management function responsible for the business and risk control units;

(e)

the variable remuneration of the staff and management responsible for the review is not linked to the performance of the tasks related to the institution’s trading business areas in a way that hinders or impedes their independence.