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The new Basel Accord
(Basel ii) will be implemented in the European Union via the Capital
Requirements Directive (CRD)
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From
the Basel ii Accord to the Capital Requirements
Directive implementation throughout the
EU |
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CHAPTER 3
Credit institutions'
assessment process
Article 123
Credit institutions shall
have in place sound, effective and complete strategies and
processes to assess and maintain on an ongoing basis the amounts,
types and distribution of internal capital that they consider
adequate to cover the nature and level of the risks to which they
are or might be exposed.
These strategies and
processes shall be subject to regular internal review to ensure that they
remain comprehensive and proportionate to the nature, scale and
complexity of the activities of the credit institution
concerned.
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