13
Profit and Loss Attribution
13.1
A firm with internal model approval must review, at least annually, the causes and sources of profits and losses for each major business unit.
[Note: Art. 123 of the Solvency II Directive]
- 01/01/2016
13.2
A firm must demonstrate how the categorisation of risk chosen in its internal model explains the causes and sources of profits and losses.
[Note: Art. 123 of the Solvency II Directive]
- 01/01/2016
13.3
A firm must ensure that its categorisation of risk and attribution of profits and losses reflects its risk profile.
[Note: Art. 123 of the Solvency II Directive]
- 01/01/2016