The survey assesses the degree to which the high-level principles on the management of compliance risks in banks have been implemented - nand are consistent with the paper issued in April 2005.
The survey assesses the degree to which the high-level principles on the management of compliance risks in banks have been implemented based on a document issued in April 2005. The results indicate that, in a substantial majority of respondent jurisdictions, banks manage the compliance function as an important risk management control function and consistent - to varying degrees - with the 2005 Compliance paper.
The survey also revealed that the high-level principles remain relevant and are reflected in current supervisory frameworks.
Full survey
© BIS - Bank for International Settlements
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