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:

  1. (a)

    develop strategies, policies and procedures to identify, measure, monitor and report on operational risks;

  2. (b)

    develop procedures to control and manage operational risks, including by introducing any necessary adjustments in the operational risk-management system;

  3. (c)

    ensure that the strategies, policies and procedures referred to in points (a) and (b) are properly implemented.