Article 287 › 2

The risk control unit shall be responsible for the design and implementation of its CCR management, including the initial and on-going validation of the model, and shall carry out the following functions and meet the following requirements: (a) it shall be responsible for the design and implementation of the CCR management system of the institution; (b) it shall produce daily reports on and analyse the output of the institution's risk measurement model. That analysis shall include an evaluation of the relationship between measures of CCR exposure values and trading limits; (c) it shall control input data integrity and produce and analyse reports on the output of the institution's risk measurement model, including an evaluation of the relationship between measures of risk exposure and credit and trading limits; (d) it shall be independent from units responsible for originating, renewing or trading exposures and free from undue influence; (e) it shall be adequately staffed; (f) it shall report directly to the senior management of the institution; (g) its work shall be closely integrated into the day-to-day credit risk management process of the institution; (h) its output shall be an integral part of the process of planning, monitoring and controlling the institution's credit and overall risk profile.

← 1 · All articles · 3 →

Source: EUR-Lex CELLAR · retrieved 2026-09-04