Financial institutions should have a clear, balanced and adequate system of management and internal supervision, including a clear, balanced and adequate division of tasks, powers and responsibilities, adequate records of rights and obligations, clear reporting lines and an effective information and communication system. The following pages provide more information about different aspects of the organisation of management and internal supervision.
Governance: Management and internal supervision
- Relevant for:
- ban, pi, ci, emi, ppf, in, wi
- 8 november 2013
Financial institutions must have in place a good system of corporate governance. One of the elements of good governance is a clear, balanced and adequate organisational structure, both generally and at the level of management and internal supervision (Section 17(1) of the Decree on Prudential Rules for Financial Undertakings (Besluit prudentiële regels Wft or Bpr)).
- Base law
- Related Q&A