Investment parameters and guidelines are clear and positioning is monitored against limits. Baseline: concentration and allocation limits by asset category and key risk factors (rating, issuer, sector); a process to identify, correct and escalate limit breaches; fully documented outsourced arrangements; periodic review. Higher levels add limits linked to underwriting exposures, strategic and tactical allocation ranges, duration and currency matching limits and second line challenge of limits.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.