Regulatory AlertsE-SKOK Recommendation on Good Practices for Managing Operational, Interest Rate, Liquidity, and Concentration Risk in Cooperative Savings and Loan Societies
The Financial Supervision Commission, via the E-SKOK Recommendation, establishes good practices for managing operational, interest rate, liquidity, and concentration risks in Polish cooperative savings and loan societies. The document mandates that management boards and supervisory boards implement comprehensive risk policies, internal controls, and reporting systems tailored to the institution's size and risk profile. It introduces a proportional application framework based on three asset-size groups, requiring full compliance from larger institutions while allowing smaller ones flexibility in adopting specific stress testing and detailed risk measures.
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