This ambiguous term is also used in supervisory law to describe an administrative capacity to which (risk) monitoring tasks are assigned in the company (governance: strategic and operational risk management across the business organization). However, a function in this sense does not necessarily coincide with a separate organizational unit in an institution or insurance company, although this is often the case. – The supervisory authorities, however, generally require that a function in the defined sense be clearly recognizable and identifiable as a contact person. – See actuary, chief risk officer, overall control, minimum requirements for risk management, liability management, procyclicality, rating agencies, risk department, risk committee, risk cover, risk weighting, risk control, risk measurement procedures, risk assumption principle, risk reporting, risk monitoring, structured, control, internal to the institution.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/