The Finance Company must prepare a quarterly risk report for discussion by the risk and credit management committee and the Board after review by Senior Management. The report must include as a minimum the following:
1.
A comprehensive overview of the risk development and performance of financial positions that incur market price risks, as well as any instances in which the limits have been exceeded;
2.
Changes to assumptions or parameters which form the basis of risk assessment procedures;
3.
The performance of the Finance portfolio by activity, risk class and size and collateral category;
4.
The extent of limits granted and external credit lines; Large Exposures as defined in Article 55 of this Regulation and other significant Exposures, such as default Finance, must be listed and commented on;
5.
Analysis of the conditions in which the Finance Company exceeded the limits and the reasons thereof, the scale and development of new business, and Finance Company’s risk provisioning; and
6.
Any major Finance decisions which deviate from the strategies or policies of the Finance Company.
