| Bank compliance, means the business activities of a commercial bank must compliance by all the laws, rules, and regulations of a nation. The goal of a commercial bank compliance management is to meet the requirements of supervisions, in order to avoid the events that violating the laws, rules and regulations accompanying the development of a commercial bank, and cause the penalty from the regulatory and supervisory authorities and any material financial and reputation losses, to ensure a commercial bank's stable management.The three core functions of compliance risk management are: suggestion, consultant and communication.The function of suggestion is: through evaluating to the laws, rules and regulations including a bank's internal system, flow and culture, the compliance department should identify deficiency and report it to the head of the bank for improvement.The function of consultant is: according to the requirements of various business activities especially new product design and new issues, to provide consultant regarding relating laws, rules and regulations to avoid business risk.The function of communication means to keep good connections andcommunications with supervisory organizations and customer groups, to ensure the business activities compliance by the supervision requires and to meet the needs of customer consultants. |
