BCBS: Survey on implementation of the compliance principles

26 August 2008

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