New Product Approval (NPA): Standardized procedure for assessment and approval in conjunction with introduction of new products and modification of existing products; examines possible risks and guarantees adherence to standards. The new Product Approval framework supports:
The identification, assessment, limitation, and acceptance of operational risk
The identification and evaluation of consequences with regard to market, credit and liquidity risks
The recognition and assessment of general consequences with regard to regulatory, statutory and reputational risks
The recognition and assessment of accounting, valuation and tax risks
Compliance with existing policies as well as reviewing whether new policies and processes are required
Credit directives: List of requirements of Deutsche Bank aimed at minimizing financial as well as reputational risks.
Reputational Risk Management (RRM): Group-wide program for management of reputational risks that specifies standardized guidelines for identification, escalation and solution of reputational risk issues.