The financial institution must establish appropriate corporate management rules and be organised in such a way that it can fulfil its statutory duties.
It shall identify, measure, control and monitor its risks, including legal and reputational risks, and organise effective internal controls.
The Federal Council shall set the minimum organisational requirements to be satisfied by financial institutions, taking into account their different business activities and sizes as well as the risks.
0 commentaries
No commentaries are available for this article yet.