Activity
Test infrastructure
Test Governance Framework environment
Organisation
Responsible
Project Team
Consulted
IT Governance Expert
IT Expert
Business Governance Expert
Input/Output
Input data
IT service documentation
Output data
Control documentation
Requirements
Requirements (Basel II)
Supervisory review of compliance with minimum standards
Credit Risk – Securitisation Framework
Internal Ratings Based Approach
Operational risk disclosure
Data warehousing
Basic Indicator Approach
Estimations of loss given default (LGD)
Data collection
Estimations of exposure at default (EAD)
Board and senior management oversight
Estimations of probability of default (PD)
Market risk disclosure
Capital structure disclosure
Principle 4
Internal control review
Review of adequacy of risk assessment
Capital adequacy disclosure
All Basel II requirements
Data quality
Assessment of capital adequacy
Standardised Approach (OR)
Principle 1: Banks should have a process for assessing their overall capital adequacy
Advanced Measurement Approach
Sound capital assessment
Principle 2
Trading Book Issues
General qualitative disclosure requirement
Credit risk disclosure
Supervisory response
Interest rate risk in the banking book disclosure
Data analysis
Assessment of the control environment
Monitoring and reporting
Equities disclosure
Principle 3
Comprehensive assessment of risks
Requirements (SOX)
Section 403: Disclosures Of Transactions Involving Management And Principal Stockholders.
Section 302: Corporate Responsibility For Financial Reports
Section 404: Management Assessment Of Internal Controls
Section 802: Criminal penalties for altering documents
Section 1102: Tampering With a Record or Otherwise Impeding an Official Proceeding
Section 1001: Sense of the Senate Regarding the Signing of Corporate Tax Returns by Chief Executive Officers.
Section 409: Real Time Issuer Disclosures
Section 906. Corporate responsibility for financial reports
Requirements (MIFID)
Article 3 Conditions applying to the provision of information
Article 12 Reporting channels
Article 16 Safeguarding of client financial instruments and funds
Article 8 Record-keeping of transactions
Article 25 Obligation to uphold integrity of markets, report transactions and maintain records
Article 29 Publication and availability of pre- and post-trade transparency data
Article 29 Pre-trade transparency requirements for MTFs
Article 23 Record of services or activities giving rise to detrimental conflict of interest
Article 51 Retention of records
Article 30 Post-trade transparency requirements for MTFs
Article 46 Execution policy
Article 13 Organisational requirements
Article 7 Record-keeping of client orders and decisions to deal
Article 32 Arrangements for making information public