Regulatory Alerts2019-11-13
Added · Updated
Risk Management Regulation for Pensionskassen 2019
The Austrian Financial Market Authority issued the Risk Management Regulation for Pensionskassen 2019 to establish minimum standards for risk management systems within pension funds. The regulation mandates that management boards implement comprehensive risk functions, including the identification of market, credit, and ESG risks, while defining clear risk bearing capacity and appetite. It further requires the use of validated risk models, regular stress testing, and strict monitoring of risk limits to ensure organizational independence and conflict avoidance.
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