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Version date: 1 January 2019 - onwards
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5.10 Application at the consolidated level and implications for group entities (paras. 134-135)

134. At the consolidated level, in addition to the elements covered in the sections above, competent authorities should assess whether:

a. the management body of the consolidating institution understands both the organisation of the group and the roles of its different entities, and the links and relationships among them;

b. the organisational and legal structure of the group – where relevant – is clear and transparent, and suitable for the size and the complexity of the business and operations;

c. the institution has established an effective group-wide management information and reporting system applicable to all business units and legal entities, and this information is available to the management body of the institution’s parent undertaking on a timely basis;

d. the management body of the consolidating institution has established consistent group-wide strategies, including a group wide risk strategy and appetite framework;

e. group risk management covers all material risks reg

Comparing proposed amendment...