Escalate and address breached risk limits

Aufsichtserwartung

In addition, institutions should have a risk management framework in place that ensures that, when risk limits are breached, there is a defined process for escalating and addressing these, together with an appropriate follow-up procedure.

Adressat: Institutions

Fundstelle: Expectation 4

Quelldokument

• Guide on climate-related and environmental risks - Supervisory expectations relating to risk management and disclosure (November 2020)