Specific tasks related to assessment of financial risks of programmes or instruments authorising budgetary guarantees and loans
Article 7
The Chief Risk Officer shall in respect of programmes or instruments authorising budgetary guarantees and loans: (a) conduct regular and independent portfolio risk assessments based on the approved risk methodologies and based on data provided by Directorates-General responsible for the Union’s financial operations; (b) provide relevant input on financial risks and contingent liabilities to reports adopted by the Commission on these issues, such as the risk assessment for reporting under Article 41(5) and Article 256 of the Financial Regulation based on information from the Directorates General responsible for the Union’s financial operations.