The Circular FINMA 17/1 « Corporate governance – banks » entered into force on July 1st, 2017. This new Circular, among other things, redefines risk management and internal control system requirements.
One of the major developments imposed by FINMA is the duty for the Board of directors to approve, on the proposal of the Executive board, a risk management framework, that has to present the strategic basis for the institution’s risk management for all risk categories.
In order to support you in this process, we have the pleasure, notably thanks to Mrs Nicole Beiner, to offer you a result-oriented draft of framework.
We remain at your disposal should you require any further information regarding this new product and thank you in advance for your trust.