Benefits of BRD’s compliance function

By | May 3rd, 2016|d-risk|

The benefits generated by the BRD’s compliance function are: good relationship with regulators, avoid fines, best quality of service offered to customers, advise line business management in discharging the bank’s regulatory obligations and an oversight role in monitoring business activities. While monitoring the compliance as well as providing required information to key stakeholders, the compliance [...]

Develop an effective compliance function

By | May 3rd, 2016|d-risk|

In order to have an effective compliance function, the compliance unit prepares a compliance program which is amended by management prior approval by the board of directors. Quarterly, the board receives compliance reports for information and decision making. After approval of the compliance program, the compliance officers conduct a deep analysis of selected regulations (or [...]