# Commission Delegated Regulation (EU) 2018/959 of 14 March 2018 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards of the specification of the assessment methodology under which competent authorities permit institutions to use Advanced Measurement Approaches for operational risk (Text with EEA relevance), Article 13: AMA used to support the operational risk management of the institution

Extent: E+W+S+N.I.

Competent authorities shall assess that an institution uses the AMA to support its operational risk management, by confirming at least the following:
(a) that the operational risk measurement system is effectively used for the regular and prompt reporting of consistent information that accurately reflects the nature of the business and the operational risk profile of the institution;
(b) that the institution takes remedial actions to improve internal processes upon receipt of information about findings from the operational risk measurement system.

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Source: https://www.legislation.gov.uk/eur/2018/959/article/13 (the official version)
Page: https://openlegislation.uk/eu-regulation-2018-959/article-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.