Activity
Define controls on manual procedure base
Define business controls ICS
Organisation
Responsible
Middle Management
Accountable
Senior Management
Consulted
Risk Owner
Internal/External Audit
Risk Manager
Informed
Senior Management
Input/Output
Input data
Control activities
Process documentation
Output data
Process documentation
Control activities
Requirements
Requirements (Basel II)
Sound capital assessment
Assessment of capital adequacy
Internal control review
Assessment of the control environment
Supervisory review of compliance with minimum standards
Comprehensive assessment of risks
Board and senior management oversight
Requirements (SOX)
Section 404: Management Assessment Of Internal Controls
Section 1001: Sense of the Senate Regarding the Signing of Corporate Tax Returns by Chief Executive Officers.
Section 403: Disclosures Of Transactions Involving Management And Principal Stockholders.
Section 906. Corporate responsibility for financial reports
Section 301: Public Company Audit Committees.
Section 302: Corporate Responsibility For Financial Reports
Requirements (MIFID)
Article 21 Obligation to execute orders on terms most favourable to the client
Article 12 Personal transactions
Article 10 Complaints handling
Article 9 Responsibility of senior management
Article 8 Internal audit
Article 26 Monitoring of compliance with the rules of the MTF and with other
Article 20 Reports by external auditors
Article 13 Organisational requirements
Article 7 Risk management
Article 5 General organisational requirements
Article 22 Client order handling rules
Article 14 Trading process and finalisation of transactions in an MTF
Article 6 Compliance