January 31 2017
Revision of EBA guidelines on internal governance
The European Banking Authority (EBA) published a consultation paper aimed at revising its guidelines on internal governance dating from 2011. The draft guidelines address, inter alia, the interplay of supervisory and management body, roles and responsibilities of committees, requirements for an appropriate internal governance policy as well as topics such as risk culture, internal control framework and the “know your structure” principle. The German Banking Industry Committee responded.