136. Following the above assessments, competent authorities should form a view on the adequacy of the institution’s internal governance arrangements and institution-wide controls. This view should be reflected in a summary of findings, accompanied by a viability score based on the considerations specified in Table 3.
Table 3. Supervisory considerations for assigning a score for internal governance and institution-wide controls
|
Score |
Supervisory view |
Considerations |
|---|---|---|
|
1 |
Deficiencies in internal governance and institution-wide control arrangements pose a low level of risk to the viability of the institution. |
• The institution has a robust and transparent organisational structure with clear responsibilities and separation of risk taking from risk management and control functions. • There is a sound corporate culture, management of conflicts of interest and whistle blowing processes. • The composition and functioning of the management body are appropriate. • The time |