Regulatory Alerts2019-11-13
Risk Management Regulation for Pensionskassen 2019
The Financial Market Authority of Austria 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, conduct systematic risk analyses covering market and ESG factors, and define clear risk bearing capacities and appetites. It further requires the use of validated risk models, regular stress testing, and strict monitoring of risk limits to ensure organizational stability and compliance.
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