Regulatory Alerts2019-11-13
Risk Management Regulation for Pensionskassen 2019
The Austrian Financial Market Authority issued the Risk Management Regulation for Pensionskassen 2019 to establish minimum standards for the risk management of Pensionskassen. The regulation mandates that management boards implement a comprehensive risk management system, including a distinct risk management function, systematic risk analysis, and regular stress testing. It further requires Pensionskassen to define risk appetite, monitor compliance with established limits, and ensure organizational independence to prevent conflicts of interest.
Share