The financial sector is one of the most regulated and controlled sectors in the economic world
Compliance with all these legal, regulatory and prudential requirements determines the trust of the public, customers, staff members and shareholders as well as Dexia's reputation
As an operator in the field of financial services, Dexia undertakes to conduct its activity in a professional and responsible manner vis-à-vis its customers, other financial operators, the competent authorities and any partner, whether internal or external to the Group. Indeed Dexia undertakes to abide by the laws of the countries in which it operates and to ensure the adoption of honest behaviour within the context of the carrying on its financial activities.
Compliance is an independent function which forms part of the internal control system. Its task consists of overseeing the management of non-compliance risks and assessing the compliance of internal codes of conduct, policies and procedures with legal obligations and the best practices applicable to its activities.
In terms of organisation, The Chief Compliance Officer ensures that a coherent and effective policy is applied within the entire Dexia Group, with the aid of a Compliance Officer based in each entity. These Compliance Officers report functionally to the Chief Compliance Officer.
Its activity falls within the framework of a charter which describes the role and areas of competence of the compliance function and presents the governance principles underlying Dexia's approach to compliance. A compliance policy specifies the organisation and all the areas covered by this function. These key documents have been approved by the Management Board and the Board of Directors of Dexia.
For more information click here.