EBA · 2023_6921 Rejected question

Applicability of the Guidelines of the Committee of European Banking Supervisors on the management of operational risks in market-related activities (12 October 2010)

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
Not applicable
Topic
Operational risk
Submitted by
Individual
Submitted
2023-10-28
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Question

Are the  Guidelines of the Committee of European Banking Supervisors on the management of operational risks in market-related activities (12 October 2010) still in force and applicable? Is the same legal reasoning used under Question 2020_5340 applicable?

Background

The Committee of European Banking Supervisors Guidelines on the management of operational risks in market-related activities (12 October 2010)  set out supervisory expectations relating to specific arrangements, procedures, mechanisms and systems in trading areas that could prevent or mitigate operational risk events. The subject is addressed from three different angles, described in the following sections - Governance mechanisms (Section 2), Internal controls (Section 3) and Reporting systems (Section 4). Given that no later express guidance explicitly replaced these Guidelines when the CRD was amended and repealed, are these to still be considered in force and applicable?
No answer published yet.

Original source: European Banking Authority, Q&A ID 2023_6921

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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