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Article 6: Information Systems and Internal Reporting

C 165/2019 STA
  1. 1.A Bank’s systems must support supervisory reporting requirements for IRRBB as provided in these Standards as well as provision of IRRBB reports to all relevant parties within the Bank on a timely basis and in a format commensurate with their needs.
  2. 2.The processes for aggregating the necessary data and producing supervisory and internal IRRBB management reports must be fully documented. These must include standards, cut-off times and schedules for report production. The aggregation and reporting process must be subject to high standards of validation through periodic review by the internal audit function using staff with specific systems, data and reporting expertise, particularly where the process requires substantial manual intervention.
  3. 3.Interest rate risk reports to Senior Management and the Board must provide aggregate information as well as sufficient supporting detail to enable Senior Management and the Board to assess the sensitivity of the Bank to changes in market conditions and other important risk factors.