Internal control: parties involved

The first level of responsibility for permanent control lies with the Group’s operating staff.
At the same time, several functional departments that are independent of its operating divisions are also involved in controlling the Group's activities and operations, namely:
  • the Risk Division, which is responsible for identifying and monitoring all risks (credit, market, operational) borne by the Group;
  • the Group Finance Department, which, in addition to its strategic and financial management responsibilities, also carries out extensive accounting and finance controls;
  • the finance departments of the business lines, which are hierarchically attached to the managers of the business lines and functionally attached to the Group Finance Department. They make sure that accounts are prepared correctly at a local level and control the quality of the information in the consolidated financial reports submitted to the Group;
  • the Group Compliance Department, which ensures that all compliance rules and principles applicable to the Group’s banking and investment activities are respected;
  • the Group Legal Department, which monitors the legality and compliance of the Group’s activities in collaboration with the legal departments of its subsidiaries;
  • the Group Tax Department, which monitors compliance with all applicable tax laws;
  • the Group Information Systems Division, which is responsible for information system security;
  • the Internal Audit Departments, which are hierarchically attached to the managers of the business lines and functionally attached to the General Inspection Department;
  • the General Inspection.