CP10 (Full Document) - European Banking Authority

· Understanding the extent
and nature of the groups’
intentions
‣ Discuss with the group the intentions to implement
an internal models approach.
‣ Produce a preliminary assessment of the group’s
proposals, including:
­ the readiness of the group, and
­ the adequacy of plans;
‣ Communicate the salient features to the supervisors
likely to be affected by the group’s intentions, and
inform other supervisors of the group’s plans in
accordance with the general communication
strategy.
‣ Communicate concerns and issues with the
proposed approach.
‣ Need to identify potential disagreements so that
supervisors can have an early plan to address.
‣ Collate the concerns and issues of other supervisors
with the proposed approach and produce a
summary of the principal issues.
· Supervisory plan of
action
‣ Draw up the supervisory plan in consultation with
other relevant supervisors and in co­operation with
the group. The plan should include:
­ identification of significant models and
proposed roll­out plans,
­ the allocation of workload with respect to the
significant models; and
­ priority issues;