other persons, and this is the most difficult task. My country wise email marketing list colleagues and I are faced with the task of defining such criteria, and we are working on it.
In the near future, the Bank of Russia will publish a document dedicated to the role of a member of the board of directors of a financial institution, and by the end of the year we plan to prepare a corresponding document on the heads of financial institutions, since we need top managers to understand their duties and responsibilities from the moment of appointment to the relevant position.
Exactly will the Central Bank recommend
To top managers of financial organizations?
— Know their responsibilities, they should carefully study what the internal control, risk management and internal audit services write, they should ask why am i telling you this? them the relevant questions, receive written explanations. The services work to help the board of directors and the management, but few people use this.
We also had cases when the application to the commission
contained signatures of board members that they were familiar with the report of the internal audit service, but in the end they did nothing to solve the problem. And we excluded from the database (from the “black database” – ed.) the persons who made such reports and familiarized the managers with them, since they took all measures to warn the management of the organization that there america email were problems. It is clear that if the managers did not make the necessary decisions to correct the situation, this is already the responsibility of the managers.