Senior management involvement
Article 9
Competent authorities shall assess the degree of involvement of senior management of an institution by confirming at least the following: (a) that senior management is responsible for implementing the operational risk governance and management framework approved by the management body; (b) that senior management has been empowered by the management body to develop policies, processes and procedures for managing operational risk; (c) that senior management is implementing the policies, processes and procedures for managing operational risk referred to in point (b).