(b)

the institution has a risk control unit that meets all the following requirements: it is independent from business trading units and reports directly to senior management; it is responsible for designing and implementing the institution's risk-management system; it produces and analyses daily reports on the output of the risk-measurement model and on the appropriate measures to be taken in terms of position limits;

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.