Gives the key elements of a sound risk management system for credit risk transfer activities (securitisation, credit derivatives and similar): corporate governance, policies, procedures and limits, credit assessment and review, risk measurement and valuation, monitoring and control, MIS and reporting, stress-testing, independent reviews and audits; specific topics (risk concentration, reputation risk, liquidity risk, special purpose entities, legal risk and compliance); and the supervisory approach including the risk retention requirement and disclosure. Classification: a non-statutory guideline issued as a guidance note; version V.1, 30.06.16; applies to all AIs.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.