Monitoring of Compliance Risk in the Bank

Abstract

One effect of passing through the world financial crisis is to pay closer attention to compliance with the regulations of business by banks and other financial institutions. In recent times there has also been an increase in the importance of compliance units involved in the management of compliance risk in the bank. The author in the paper highlights the need to risk monitoring of non-compliance with the regulations and presents some monitoring tools of this kind of risk in the bank. Examples of tools and techniques presented in the paper relate to banks operating in Poland. These are mainly methods based on using indicators, supported by information technology tools for business process management. The scope of compliance evolved last years to a much broader area. The author of the paper draws attention to the growing popularity of the approach integrating operational and compliance risk