Guidelines on internal governance (second revision)

status: Under development

These draft Guidelines aim at further harmonising institutions’ internal governance arrangements, processes and mechanisms across the EU, in line with the new requirements in this area introduced in the fifth Capital Requirements Directive (CRD V) and the Investment Firms Directive (IFD) and also taking into account the proportionality principle.  These Guidelines clarify that identifying, managing and mitigating money laundering and financing of terrorism risk is part of sound internal governance arrangements. They also further reinforce the framework regarding loans to members of the management body and their related parties as a specific source of actual or potential conflict of interest.

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