Regulatory Alerts2016-01-01
Recommendation C on Concentration Risk Management
The Polish Financial Supervision Authority issued Recommendation C to establish comprehensive rules for managing concentration risk in banks, replacing the 2002 version to address lessons from the 2008 financial crisis. The document mandates that banks implement written policies, procedures, and governance structures to identify, measure, and mitigate concentration risks across credit, market, and operational activities. It specifies that banks with significant market share or systemic importance must fully comply, while others may be exempt from certain inter-risk correlation requirements, with a mandatory implementation deadline of January 1, 2017.
Share