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| The new Basel Accord (Basel ii) will be implemented in the European Union via the Capital Requirements Directive (CRD) | ||||
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CHAPTER 3 Credit institutions' assessment process Article 123 Credit institutions shall have in place sound, effective and complete strategies and processes to assess and maintain on an ongoing basis the amounts, types and distribution of internal capital that they consider adequate to cover the nature and level of the risks to which they are or might be exposed. These strategies and processes shall be subject to regular internal review to ensure that they remain comprehensive and proportionate to the nature, scale and complexity of the activities of the credit institution concerned. | ||||
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