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Text with EEA relevance.
Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No 648/2012 (Text with EEA relevance.) · European Union

the control mechanisms for rating systems at the different stages of model development, controls and changes, which shall include information on: the relationship between the risk management function and the internal audit function; the rating system review; the procedure to ensure the independence of the function in charge of reviewing the models from the functions responsible for the development of the models; the procedure to ensure the accountability of the functions in charge of developing and reviewing the models;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.