Internal control for European banks
In our Guide "Geopolitics of regulatory compliance 2023" internal controls have been noted as challenging to very challenging in our survey. Most credit institutions and large retail banks face multilevel processes that are hard to manage efficiently and effectively.
To ensure a robust organization that meets regulatory and legal requirements, operational tasks, and financial constraints, most European banks have adopted the three lines of defense (3LOD model):
✓ Front-line (or 1 LOD): an operational task that requires an appropriate assessment of their activities
✓ Independent risk management (2 LOD): groups in charge of independent risk management are also in charge of the bank's risk |framework depending on the size of the organization. They will oversee the ban's risk-taking activity and mitigate risk independently
✓ Internal audit (3 LOD): or internal inspection for an organization |with a global size. They provide compliance evaluation and establish new standards and procedures when it needs to be done.
Introduction to Basel 3
About the course
Our Internal control training will help your internal auditors or controllers to navigate the regulatory framework and help them reassess banking processes and operating models. The course will help your experts examine the control function through a strategic lens.
This will benefit your organization directly to help avoid sanctions and enforcement measures.
Program
- Introduction of the regulatory framework
- Organization of internal control
- Internal control of accounting systems
- Risk management: IT risk, data risk, and other risks
- Internal control of credit risk
- Internal control of market risk
- Sanctions and enforcement
- Investigations
- Conclusion
Improve the growth & efficiency of your organization by leveraging Compliance solutions and toolkits by Tier 1 consultants, lawyers and ex-Supervisors.
Creating those regulatory roadmaps was a combination of management consultants, lawyers and ex-Supervisors full-time dedicated work and experience solving key organizational issues at a fraction of the cost.
Buying our compliance solution is like hiring a consulting firm to help you sort out the complex Banking & Financial Regulations impact on your organization but at a fraction of the usual cost and it will give you a strong advantage.
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Your organization can benefit from the know-how & experience of Tier 1 management consultants, lawyers and ex-Supervisors who dedicated + 40, 000 hours of work combined in the past 5 years.
Improve and impress your organization’s stakeholders by becoming the leading expert or C-Level executive and the driving force in a changing regulatory environment.
Get free support from some of the best management consultants, lawyers and ex-Supervisors specialized in Banking & Financial Regulations in the world.
Improve the growth & efficiency of your organization by leveraging Compliance’s solutions and toolkits by Tier 1 consultants, lawyers and ex-Supervisors.
Don't miss your next regulatory compliance deadline!
The best way to address regulatory change is by accepting that new legislation is a natural progression. Nothing ever stays the same, and as we move forward, these regulations will continue to evolve. Our regulatory poster and accompanying explanations will help you navigate this changing regulatory landscape. We invite you to explore how your business activities will be affected by our Compliance Vision specialists so that you can stay ahead of the regulatory curve.
