The System of Internal Controls

The changing operating environment of intermediaries has changed the framework of bank management responsibilities. Particular attention must be paid to managing the adherence of the intermediary's behavior to the rules arising from internal and external laws and regulations. Therefore, the role of the Compliance function in governing risks arising from the non-application of such regulatory dictates is strengthened. In this scenario, the criticality and complexity of the system of internal controls and risk management increase. The aim of workshop is to address some of the issues related to the new system of internal controls increasingly characterized by the interaction of different processes ranging from the monitoring of risk exposure to its verification and control procedures. In particular, among the topics that will be addressed are: ¦ corporate governance and the system of internal controls; ¦ management of the boundaries and responsibilities of the new actors in the system of internal controls; ¦ compliance and reputational risk: tools and methods; ¦ the integrated view of risks (ORM, Compliance). The meeting is primarily aimed at the Areas and Functions of Risk Management, Audit and Internal Controls, Compliance, Organization and Information Systems.