Regulatory Alerts2024-11-19
Added · Updated
Consultation SIRA Good Practices
De Nederlandsche Bank (DNB) updates its guidance on Systematic Integrity Risk Analysis (SIRA) to address the mechanical application of previous standards by supervised institutions. The document replaces the 2015 Good Practices and establishes a four-step cycle for integrity risk management: risk identification, risk analysis, risk management, and risk monitoring and review. It clarifies that these good practices are indicative recommendations rather than a normative framework, allowing institutions flexibility in their approach provided they comply with integrity legislation. The guidance applies to financial institutions, trust offices, and pension funds subject to DNB's integrity supervision.
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