DS-3: DS-3: Independent Review
DS-3.1 DS-3.1 Independent Review
DS-3.1.1
[This Paragraph has been deleted in January 2022].
Deleted: January 2022
Added: July 2018DS-3.1.2
The independent reviews of recovery and resolution planning framework undertaken in accordance with Paragraphs HC-6.6.33 and HC-6.6.34, must cover the following:
(a) Adequacy of management oversight and approval of the RRPs;(b) Adequacy of documentation supporting the RRPs;(c) Integration of ICAAP and stress testing into RRP process;(d) Sufficiency of the trigger framework and the process for implementing and monitoring them;(e) Escalation process and the integrity of the planned actions against the triggers;(f) Authorisation for, and implementation of, significant changes to the RRPs;(g) Alignment of the RRPs to the bank's business strategies, group and organisational structure;(h) Due consideration of the legal and external environment;(i) Verification of the quality of data sources used to run the stress tests (e.g. in terms of accuracy, consistency, timeliness, completeness and reliability).Amended: January 2022
Added: July 2018