Division 3 Changes to the procedures relating to internal and external data, scenario analysis and business environment and internal control factors where they:
United Kingdom
- (a)
reduce the level of controls regarding the completeness and quality of operational risk data collected according to Article 322(3) and (4) of Regulation (EU) No 575/2013;
- (b)
change the external data sources to be used within the measurement system according to Article 322(4) and 322(5) of Regulation (EU) No 575/2013 unless the data are comparable and representative for the operational risk profile.