Article 1 › 1

‘1. Member States shall ensure that the management body approves and at least every two years reviews the strategies and policies for taking up, managing, monitoring and mitigating the risks the institution is or might be exposed to, including those posed by the macroeconomic environment in which it operates in relation to the status of the business cycle, and those resulting from the current and short-, medium- and long-term impacts of environmental, social and governance (ESG) factors. Member States may, taking into consideration the principle of proportionality, allow the management bodies of small and non-complex institutions to review the strategies and policies referred to in the first subparagraph every two years.’

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