Internal

Internal control structure

Internal control layers

INTERNAL CONTROL LAYERS The internal control structure of the ECB is based on a functional approach .

3 INTERNAL CONTROL LAYERS The internal control structure of the ECB is based on a functional approach .

A description of the internal quality control system

The internal control structure of the ECB is based on a functional approach .

In addition , there are several external and internal control layers .

The internal control structure of the ECB is based on a functional approach .

These external control layers are supplemented by several internal control mechanisms and procedures which are described below .

the assessment of the financial conglomerate 's structure , organisation and internal control systems

the organisation , risk management and internal control systems at financial conglomerate level

Instead, there is a need for proper internal control and the ability to sack people more easily.

The Directorate Internal Audit continuously assesses the ECB 's efficiency and internal control functions .

In addition to the decision making bodies , the corporate governance of the ECB encompasses a number of external and internal control layers .

This highlights the need for enhanced mechanisms for internal risk control as well as for efficient supervision .

Article 10 Internal control mechanisms The competent authorities shall ensure that in all undertakings included in the scope of supplementary supervision pursuant to Article 4 , there are adequate internal control mechanisms for the production of any data and information which would be relevant for the purposes of the supplementary supervision .

INTERNAL CONTROL LAYERS In 2003 the ECB 's internal audit continued to perform audit missions under the responsibility of the Executive Board .

Like other homeostatic devices, the control of enzymatic action helps to maintain a stable internal environment in living organisms.

I n t e r n a l c o n t ro l s t r u c t u re The internal control structure is based on a functional approach , with each business area responsible for its own internal control and efficiency .

INTERNAL CONTROL LAYERS The internal control structure of the ECB is based on an approach in which each organisational unit ( section , division , directorate or directorate general ) is responsible for managing its own risks and controls , as well as the effectiveness and efficiency of its operations .

The internal control structure of the ECB is based on a functional approach , whereby each organisational unit ( Division , Directorate or Directorate General ) is responsible for its own internal control and efficiency .

The internal control structure of the ECB is based on a functional approach , whereby each organisational unit ( Division , Directorate or Directorate General ) is responsible for its own internal control and efficiency .

The internal control structure of the ECB is based on a functional approach , whereby each organisational unit ( division , directorate or directorate general ) is responsible for its own internal control and efficiency .

An investment firm shall have sound administrative and accounting procedures , internal control mechanisms , effective procedures for risk assessment , and effective control and safeguard arrangements for information processing systems , including , in particular , rules governing personal transactions by employees .

INTERNAL CONTROL LAYERS In 2004 the ECB 's internal auditors continued to perform audit missions under the responsibility of the Executive Board .

This number includes staff with permanent , fixed or short term contracts and the participants in the ECB 's Graduate Programme .

A credit rating agency shall have sound administrative and accounting procedures , internal control mechanisms , effective procedures for risk assessment , and effective control and safeguard arrangements for information processing systems .

3.1 Corporate governance In addition to the decision making bodies of the ECB described in the previous sections , the corporate governance of the ECB also encompasses a number of external and internal control layers .

At the end of that year 1,367 staff were employed . For further details ,

INTERNAL MARKET

internal market

Internal Audit

Outsourcing of important operational functions may not be undertaken in such a way as to impair the quality of its internal control and the ability of the supervisor to monitor the firm 's compliance with all obligations .

Independently from the internal control structure and risk monitoring of the ECB , audit missions are performed by the Directorate Internal Audit under the direct responsibility of the Executive Board .

financial control

External

49 Internal Market ..... 51

In addition to the decision making bodies of the ECB ( the Executive Board , the Governing Council and the General Council ) , the corporate governance of the ESCB also encompasses external layers of checks and balances ( see Chapter XII ) .

In order to comply with the obligation to check for authenticity and to implement those procedures , these institutions need time to adapt their internal functioning .

aMule remote control

Control your volume settings

Control Centre

Corporate governance Control layers

1.6 CORPORATE GOVERNANCE In addition to the decision making bodies , the corporate governance of the ECB encompasses a number of external and internal control layers , as well as rules concerning public access to ECB documents .