C8: Responsibility Allocation

Assign clear roles for risk oversight, ownership, and assurance.

Step 8 of 10

Commitment Progress0% (0/4)

REQ-8.1-01Measure 8.1 (Page 23)

Are responsibilities for systemic risk management clearly defined?

"Signatories will clearly define responsibilities for managing the systemic risks stemming from their models across all levels of the organisation."

REQ-8.1-02Measure 8.1 (Page 23)

Is there a specific committee or body for systemic risk oversight?

"(1) Systemic risk oversight: The responsibility... has been assigned to a specific committee of the management body... or one or multiple suitable independent bodies."

REQ-8.2-01Measure 8.2 (Page 24)

Are appropriate resources allocated for systemic risk management?

"Signatories will ensure that their management bodies oversee the allocation of resources... that are appropriate for the systemic risks stemming from their models."

REQ-8.3-01Measure 8.3 (Page 25)

Is a healthy risk culture promoted within the organization?

"Signatories will promote a healthy risk culture and take appropriate measures to ensure that actors... take a reasoned and balanced approach to systemic risk."