Article 72
Operational risk-management function
As part of the risk-management function, the operational risk-management function of a CSD shall manage the CSD's operational risk. It shall in particular:
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(a) |
develop strategies, policies and procedures to identify, measure, monitor and report on operational risks; |
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(b) |
develop procedures to control and manage operational risks, including by introducing any necessary adjustments in the operational risk-management system; |
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(c) |
ensure that the strategies, policies and procedures referred to in points (a) and (b) are properly implemented. |