A firm must have in place sound, effective and comprehensive strategies, processes and systems:
(1) to assess and maintain on an ongoing basis the amounts, types and distribution of financial resources, own funds and internal capital that it considers adequate to cover:
(a) the nature and level of the risks to which it is or might be exposed; (b) the risk in the overall financial adequacy rule in 2.1; and
(c) the risk that the firm might not be able to meet the obligations in Part Three of the CRR in the future;
(2) that enable it to identify and manage the major sources of risk referred to in (1) including the major sources of risk in each of the following categories where they are relevant to the firm given the nature and scale of its business:
(a) credit and counterparty risk; (b) market risk;
(d) operational risk; (e) concentration risk; (f) residual risk;
(g) securitisation risk, including the risk that the own funds held by a firm in respect of assets which it
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