Qualification process.

CFR · 2024-01-01 · US · Title 12

(a) (2) A Board-regulated institution that elects to be subject to this subpart under § 217.101(b)(1)(iii) must adopt a written implementation plan. (b) (i) Comprehensively address the qualification requirements in § 217.122 for the Board-regulated institution and each consolidated subsidiary (U.S. and foreign-based) of the Board-regulated institution with respect to all portfolios and exposures of the Board-regulated institution and each of its consolidated subsidiaries; (ii) Justify and support any proposed temporary or permanent exclusion of business lines, portfolios, or exposures from the application of the advanced approaches in this subpart (which business lines, portfolios, and exposures must be, in the aggregate, immaterial to the Board-regulated institution); (iii) Include the Board-regulated institution's self-assessment of: (A) The Board-regulated institution's current status in meeting the qualification requirements in § 217.122; and (B) The consistency of the Board-regulated institution's current practices with the Board's supervisory guidance on the qualification requirements; (iv) Based on the Board-regulated institution's self-assessment, identify and describe the areas in which the Board-regulated institution proposes to undertake additional work to comply with the qualification requirements in § 217.122 or to improve the consistency of the Board-regulated institution's current practices with the Board's supervisory guidance on the qualification requirements

official document · source cfr-2024 · id 12:§ 217.121