3
Annual Significant Influence Function (SIF) attestation of Operational Risk Advanced Measurement Approach
3.1
PRA expects an appropriate individual in a SIF role to provide to the PRA, on an annual basis, written attestation that:
- (a) the firm’s AMA (for which it has received a permission) comply with the requirements in Part 3 Title III of the CRR, and any applicable PRA operational risk supervisory statements; and
- (b) where the firm’s AMA has been found not to be compliant, a credible plan for a return to compliance is in place and being completed.
- 19/12/2013
3.2
Firms should agree with the PRA the appropriate SIF for providing this attestation, noting that the PRA would not expect to agree more than 2 SIFs to cover the firm’s operational risk AMA as described in Part 3 Title III of the CRR.
- 19/12/2013