Guidelines on the assessment of the suitability of members of the management body and key function holders in particular with regard to money laundering and financing terrorism risks, and gender diversity.
Revised joint Guidelines from The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA). The Guidelines aim to improve and harmonise the assessment of suitability within the EU financial sector, and to ensure sound governance arrangements in institutions.
The Guidelines apply to all institutions, independent of their governance structures (unitary board, dual board or other structures), without advocating or preferring any specific structure as set out in the defined scope of application. The Guidelines provide common criteria to assess the individual and collective knowledge, skills and experience of members of the management body as well as their good repute, honesty and integrity, and independence of mind.