Article 191

Capital Requirements Regulation (CRR) > PART THREE > TITLE II > CHAPTER 3 > Section 6 > Sub-Section 5 > Article 191
Article 191
Internal Audit
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Internal audit or another comparable independent auditing unit shall review at least annually the institution's rating systems and its operations, including the operations of the credit function and the estimation of PDs, LGDs, ELs and conversion factors. Areas of review shall include adherence to all applicable requirements.