Guidelines on operational risk mitigation techniques

These Guidelines provide guidance on the recognition of risk transfer instruments within the AMA. The Guidelines are structured in three main sections addressing first the general conditions that should be fulfilled for the recognition of operational risk mitigation instruments, both insurance contracts and Other Risk Transferred Mechanisms (ORTM). The following two sections analyse the specific conditions for the use of insurance (eligibility of protection providers, characteristics of the products, haircuts for uncertainty of coverage) and for the use of ORTM.