Enhanced the intensity of on-site supervision

While most
inspections last between two and six weeks, the duration varies depending mainly on the size
and complexity of the institution, its business activities, as well as on the scope of the
inspection. In terms of scope, the number of non-capital related areas, such as remuneration,
liquidity risk management, assessment of complex products, commodities business etc.

Covered in the examinations, particularly of larger banks, has increased over the past 2 years.
Notwithstanding the increase in number of on-site inspections, there continues to be a
significant reliance on third parties, particularly external auditors, to conduct on-site reviews
of areas such as asset quality and anti-money laundering processes.

External auditors are also
required to perform annual assessments of institutions’ compliance with MaRisk
requirements.