The European Commission has published FAQs on the Delegated Regulation (Regulation 604/2014) setting out regulatory technical standards (RTS) on criteria to identify categories of staff whose professional activities have a material impact on the risk profile of an institution within the scope of the Capital Requirements Directive IV (CRD IV).

The FAQs cover the following areas:

  • Which members of staff will be identified as material risk takers?
  • Can members of staff who meet one or more of the criteria nonetheless claim that, in fact, they are not material risk takers?
  • What is the role of the competent authority responsible for the supervision of CRD IV institutions?Does the RTS on Identified Staff contain an exhaustive set of criteria?
  • What about material risk takers not identified by the criteria in the Regulation?