Banken for en verden i endring The bank for a ... - BNP Paribas

Banken for en verden i endring The bank for a ... - BNP Paribas

• report of the Chairman / internal control

It implemented a single, consistent risk-assessment

application for the entire Group, which

allows it to plan audit engagements by taking

into account the risk weightings applicable

to the various entities. The Periodic Controls

function also implemented an overall quality

assurance programme to ensure that Internal

Auditing meets the requirements and expectations

of regulatory authorities, complies with

professional standards and provides Bank

management with an accurate picture of the

risks at play, as this is the basis for genuine

added value.

Lastly, the General Inspection unit also took

part in the work of integrating BNL through the

harmonising of in-house practices.


At the end of 2006, the number of full-time

equivalent employees (FTEs) within the different

Internal Control functions was as follows:

2005 2006 % change

Compliance 465 614 +32%

Coordination of Permanent Controls 50 70 +40%

Periodic Controls 746 902 +21%


Permanent Controls:

• Permanent Control processes are coordinated

by 70 FTEs that help implement Group

policies throughout the different entities.

This figure concerns the head teams in the

core businesses and functions. A more finely

tuned approach will be applied in order to

identify all the teams involved in Permanent

Controls, especially in the Group’s international


The Compliance function had 614 FTEs at

the end of 2006, reflecting 32% year-onyear

growth in its staff (24% growth excluding

BNL). This trend is clearly in line with the

sustained expansion in Group operations,

mainly through several acquisitions, and with

the forthcoming major changes in regulations,

especially regarding activities on financial




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