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Capital Requirements Regulation (CRR)
Article 191

Article 191 - Internal Audit

Status
In force
Selected consolidated version from
30/09/2021
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Article 191

Internal Audit

Internal audit or another comparable independent auditing unit shall review at least annually the institution's rating systems and its operations, including the operations of the credit function and the estimation of PDs, LGDs, ELs and conversion factors. Areas of review shall include adherence to all applicable requirements.