Description
Supervision authorities regularly conduct full-scope and focused on-site examinations related to different area’s, e.g., Corporate Governance, Risk Management, Liquidity Risk, Credit Risk, Anti-Money Laundering, Combatting Financing of Terrorism, Counter Proliferation Financing, and other integrity risks. In case the supervision authority is of the opinion that your business operations are not carried out in accordance with applicable laws and regulations, your organization will be subjected to enforcement or intervention measures. As former employees of supervisory authorities, Noctua has extensive experience with on-site examinations and can facilitate you with the following services:
(a) communication with your supervisory authority;
(b) drafting action plans containing an overview of all deliverables within a specific time-period; and
(c) drafting progress reports for the supervision authority regarding the state of affairs of the action plan.
