Updated 18/09/2024
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Article 15 - Risk management

Article 15

Risk management

1.   The Board shall comply with the principles of sound financial and risk management.

2.   The Board shall quantify all risks using appropriate measures for the management and control of the respective types of risk.

3.   The Board shall apply multiple risk measures for each type of risk, capture both current and forward-looking aspects, and use both quantitative and qualitative information in order to avoid overreliance on a single risk measure.

4.   The Board shall supplement regular risk measurement by stress tests and scenario analysis in order to identify high-risk areas and to evaluate the combined effects of financial shocks.