Requirement (Basel II)
General qualitative disclosure requirement
Requirements - Basel II
Description
Description
824. For each separate risk area (e.g. credit, market, operational, banking book interest
rate risk, equity) banks must describe their risk management objectives and policies,
including:
• strategies and processes;
• the structure and organisation of the relevant risk management function;
• the scope and nature of risk reporting and/or measurement systems;
• policies for hedging and/or mitigating risk and strategies and processes for
monitoring the continuing effectiveness of hedges/mitigants.