OpenLegislation

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

Original text. Later amendments are not shown.

  1. (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;

  2. (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.