BPCE - 2019 RISK REPORT Pillar III

RISK MANAGEMENT SYSTEM

INTERNAL CONTROL

Internal Control Coordination Committee

The Chairman of the BPCE Management Board is responsible for ensuring the consistency and effectiveness of the internal control system. A Group Internal Control Coordination Committee, chaired by the Chairman of the Management Board, meets periodically. This committee is responsible for dealing with all issues relating to the consistency and effectiveness of the Group internal control system, as well as the results of risk management and internal control work and follow-up work. The committee’s main responsibilities include: validating the Group Internal Control Charter, the Group Risk, • Compliance and Permanent Control Charter and the Group Internal Audit Charter; reviewing dashboards and reports on Group control results, • and presenting permanent control coordination initiatives and results; validating action plans to be implemented in order to achieve a • consistent and efficient Group permanent control system, and assessing progress made on corrective measures adopted subsequent to recommendations issued by the Group

Inspection Générale division, the national or European supervisory authorities, and the Permanent Control Functions; reviewing the Group’s internal control system, identifying any • shortcomings, and suggesting appropriate solutions to further secure the institutions and the Group; reviewing the allocation of resources with respect to risks • incurred; presenting the results of institution controls or benchmarks; • deciding on any cross-business initiatives or measures aimed • at strengthening the Group’s internal control system; ensuring consistency between measures taken to strengthen • permanent control and risk areas identified during the consolidated macro-level risk mapping exercise. The members of the Executive Management Committee in charge of Risk Management (Risk division) and Compliance and Permanent Controls (Corporate Secretary’s Office), and the Head of the Group Inspection Générale division, are members of this committee. Where applicable, the Internal Control Coordination Committee may hear reports from operational managers about measures they have taken to apply recommendations made by internal and external control bodies.

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RISK REPORT PILLAR III 2019 | GROUPE BPCE

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