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New version applies from 01/01/2014 — introduced by Capital Requirements Directive. 257 provisions change. Article 123 is deleted from 01/01/2014.

Article 123

Article 123

Credit institutions shall have in place sound, effective and complete strategies and processes to assess and maintain on an ongoing basis the amounts, types and distribution of internal capital that they consider adequate to cover the nature and level of the risks to which they are or might be exposed.

These strategies and processes shall be subject to regular internal review to ensure that they remain comprehensive and proportionate to the nature, scale and complexity of the activities of the credit institution concerned.

Official text · consolidated version 01/07/2013 (no longer in force) Open full page ↗
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