NFU Consultation Reply to EBAs Guidelines on Internal Governance (2020)
Summary
The Guidelines consolidate and update former guidelines on Internal Governance and incorporate new chapters on the transparency of the corporate structure, the role, tasks and responsibilities of the supervisory function and on IT-systems and business continuity management. Their aim is to enhance and consolidate supervisory expectations and ultimately to improve the sound implementation of internal governance arrangements.
Nordic Financial Unions (NFU) replied to the European Banking Authority's consultation on the draft guidelines on internal governance under Directive 2013/36/EU, emphasising the perspective of Nordic financial industry employees.