(a) General criteria regarding the adequacy of the risk management system;

(b) Qualitative standards for internal oversight of the use of models, notably by senior management;

(c) Guidelines for specifying an appropriate set of market risk factors (i.e., the market rates and prices that affect the value of a bank's positions);

(d) Quantitative standards setting out the use of common minimum statistical parameters for measuring risk;

(e) Guidelines for stress testing;

(f) Validation procedures for external oversight of the use of models; and

(g) Rules for banks which use a mixture of the internal models approach and the standardised approach.