QA2019-12 - Thresholds

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Feb 01, 2024
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Resolution Reporting Subject Matter Guidance
Guidance Documents Critical-Functions
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QA2019-12

Question


Could you please provide more guidance on an appropriate materiality threshold for the assessment of a function?


Response


There are no reporting thresholds. A function is applicable if you provide it to third parties. There are also no thresholds for criticality. Each institution will base its assessment on the impact and supply-side analyses. If the impact is considered to be low and substitutability high (i.e. if you report "L: substitutable"), the function should not be designated as critical and vice versa.