BANK 8.1.4 Guidance

1 The governing body of the banking business firm may delegate its role in relation to IRRBB (but not its ultimate responsibility) to a committee of the governing body.
2 A banking business firm that conducts banking activities or complex principal dealing activities should create a committee to design and implement IRRBB management. This committee may be the same as that described in guidance 1.
Derived from QFCRA RM/2014-2 (as from 1st January 2015).