CHAPTER XOPERATIONAL RISKS
(Article 45(1) to (6) of Regulation (EU) No 909/2014)
SECTION 2Methods to test, address and minimise operational risks
Article 72Operational risk-management function
As part of the risk-management function, the operational risk-management function of a CSD shall manage the CSD's operational risk. It shall in particular:
- (a)
develop strategies, policies and procedures to identify, measure, monitor and report on operational risks;
- (b)
develop procedures to control and manage operational risks, including by introducing any necessary adjustments in the operational risk-management system;
- (c)
ensure that the strategies, policies and procedures referred to in points (a) and (b) are properly implemented.