Article 12 | Delegated Regulation 2018/959

Article 12 - Continuous integration of the AMA

Article 12

Continuous integration of the AMA

Competent authorities shall assess that an institution ensures the continuous integration of its operational risk management system into its day-to-day risk management processes by confirming at least the following:

(a)	that the operational risk measurement system is updated on a regular basis and is further developed as more experience and sophistication in management and quantification of operational risk is gained;

(b)	that the nature and balance of inputs into the operational risk measurement system are relevant and reflect the nature of the institution's business, strategy, organisation and operational risk exposure at all times.

CHAPTER 1 - GENERAL PROVISIONS (Article 1-6)

CHAPTER 2 - QUALITATIVE STANDARDS (Article 7-19)

SECTION 1 - Governance (Article 7-10)

SECTION 2 - Use test (Article 11-15)Article 11 - Use of the AMA Article 12 - Continuous integration of the AMA Article 13 - AMA used to support the operational risk management of the institution Article 14 - AMA used to enhance the operational risk organization and control of the institution Article 15 - Comparison of the AMA with the less sophisticated approaches

SECTION 3 - Audit and internal validation (Article 16-17)

SECTION 4 - Data quality and IT infrastructure (Article 18-19)

CHAPTER 3 - QUANTITATIVE STANDARDS (Article 20-35)

CHAPTER 4 - INSURANCE AND OTHER RISK TRANSFER MECHANISMS (Article 36-44)

CHAPTER 5 - FINAL PROVISION (Article 45-46)

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Article 12 - Continuous integration of the AMA

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