15. Calls for the role of the audit committees of all financial institutions to be strengthened by requiring them to approve a risk model assessment which includes firm-specific comparisons to benchmarks including reporting potential future financing needs, bank covenants, future cash flows, risk management, management estimates and adherence to major accounting principles and any foreseeable risks with respect to the company’s business model; calls for this assessment be presented on an annu ...[+++]al basis to the executive and supervisory boards of financial institutions, along with the full audit report, for consideration and approval;

13. Calls for the role of the audit committees of all financial institutions to be strengthened by requiring them to approve a risk model assessment which includes firm-specific comparisons to benchmarks including reporting potential future financing needs, bank covenants, future cash flows, risk management, management estimates and adherence to major accounting principles and any foreseeable risks with respect to the company’s business model; demands that this assessment be presented to the ...[+++]executive and supervisory boards of financial institutions, along with the full audit report, annually for consideration and approval;

With regard to complex products including, but not limited to, securitisation exposures and n-th-to-default credit derivatives, institutions shall explicitly assess the need for valuation adjustments to reflect the model risk associated with using a possibly incorrect valuation methodology and the model risk associated with using unobservable (and possibly incorrect) calibration parameters in the valuation model’.

EUROPA - EU law and publications - EUR-Lex - EUR-Lex - 32006G1229(01) - EN - Council Resolution of 4 December 2006 concerning an updated handbook with recommendations for international police cooperation and measures to prevent and control violence and disturbances in connection with football matches with an international dimension, in which at least one Member State is involved - COUNCIL RESOLUTION // (2006/C 322/01) // HANDBOOK WITH RECOMMENDATIONS FOR INTERNATIONAL POLICE COOPERATION AND MEASURES TO PREVENT AND CONTROL VIOLENCE AND DISTURBANCES IN CONNECTION WITH FOOTBALL MATCHES WITH AN INTERNATIONAL DIMENSION, IN WHICH AT LEAST ONE ...[+++]MEMBER STATE IS INVOLVED // Appendix 1 // CATEGORISATION OF FOOTBALL SUPPORTERS // Appendix 2 // PRE-MATCH/MATCH/AFTER-MATCH FORMS (CATEGORIES NON-RISK/RISK SUPPORTERS) // Appendix 3 // CHECKLIST CONCERNING POSSIBLE REQUIREMENTS TO BE MET BY THE ORGANISER // Appendix 4 // SPECIFICATIONS FOR AND SAMPLE OF POLICE IDENTIFICATION VESTS

The competent authorities may allow the capital requirement for an exchange‐traded future to be equal to the margin required by the exchange if they are fully satisfied that it provides an accurate measure of the risk associated with the future and that it is at least equal to the capital requirement for a future that would result from a calculation made using the method set out in this Annex or applying the internal models method described in Annex V. The competent authorities may also allow the capital requirement for an OTC deriva ...[+++]tives contract of the type referred to in this point cleared by a clearing house recognised by them to be equal to the margin required by the clearing house if they are fully satisfied that it provides an accurate measure of the risk associated with the derivatives contract and that it is at least equal to the capital requirement for the contract in question that would result from a calculation made using the method set out in the this Annex or applying the internal models method described in Annex V.

The competent authorities may allow the requirement against a written exchange‐traded option to be equal to the margin required by the exchange if they are fully satisfied that it provides an accurate measure of the risk associated with the option and that it is at least equal to the capital requirement against an option that would result from a calculation made using the method set out in the remainder of this Annex or applying the internal models method described in Annex V. The competent authorities may also allow the capital requ ...[+++]irement for an OTC option cleared by a clearing house recognised by them to be equal to the margin required by the clearing house if they are fully satisfied that it provides an accurate measure of the risk associated with the option and that it is at least equal to the capital requirement for an OTC option that would result from a calculation made using the method set out in the remainder of this Annex or applying the internal models method described in Annex V. In addition they may allow the requirement on a bought exchange‐traded or OTC option to be the same as that for the instrument underlying it, subject to the constraint that the resulting requirement does not exceed the market value of the option. The requirement against a written OTC option shall be set in relation to the instrument underlying it.