A N N U A L R E P O R T G R U P O S E C U R I T Y ... - Banco Security

Grupo Security is supported by a computer tool, generating efficiently and quickly the reports and state of the
action plans for the Integral Risks Management.
Also, through its management, a rigorous control is made of the risks inherent in its operation and suitable
procedures are established for avoiding large fluctuations in its results.
With the operating structure now in place and a constant line of work, each company has established better and
new controls over processes, with defined responsibilities and proper procedures, informing progress of the action
plans to the corresponding boards, and to the Directors’ Committee and Audit Committee when appropriate.
Grupo Security has defined as risk the difference between the present situation in operating, accounting and
technological processes of each of the companies, and comparison with current regulations and best international
practices, like Basel II, SOX, CoBit and Coso, and compliance with current regulations, whatever the regulatory
body, to thus determine action plans for gradually reaching low-risk operation thresholds.
This has permitted a coherent administration of regulatory requirements, with an integral, consistent and synergic
governance model, taking into account the objectives of the strategic, operational, financial and compliance kind,
providing customers and staff with first-class products and services and obtaining a sustained improvement in
corporate governance.