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I am absolutely drowning in this regulation stuff I think the Central Bank acts as the overarching framework but honestly I’m just terrified of the ICWIM details right now.
Thank you for sharing your thoughts sir. I think your analogy works perfectly because the Central Bank acts as the ultimate directive setter while the local integration requirements are the necessary operational policies to ensure compliance under that framework.
I am worried about the reporting hierarchy here, specifically wondering if the Central Bank holding company rules allow the C-suite directive to set parameters that the SCA cannot override during operational implementation in CME-1 scenarios and if the governance structure holds up under scrutiny. /certifications/cisi-oprisk/
Think of Central Bank rules as the stable global constants. The holding company C-suite directive is the system architecture that local integration must support. Operational policies cannot override the core limits, so you must ensure the SCA exceptions flow through the holding directive structure.