Nowadays, a company may suffer as a result of its failure to comply with relevant laws, regulations, principles and rules, standards and codes of conduct applicable to its activities, in letter and in spirit.
So what should we do to prevent the suffering? Embedding compliance into both strategy and everyday operations begins with effectively establishing the tone at the top, assessing compliance and ethical risks in collaboration with other risk functions and building the governance and oversight structure that provides a high level of confidence over regulatory matters. These are the fundamental starting point, during which, you may encounter below problems:
At PwC, we can help you by:
PwC partnered with a leading commercial bank in the Philippines in performing independent compliance testing for several processes including the treasury, institutional banking and risk management to ensure abidance with the relevant and existing laws and regulations in the country.
PwC is engaged by a foreign commercial bank to provide an independent assessment of their Internal Capital Adequacy Assessment Process.
Ana Mae Bautista
Risk Assurance Manager, PwC Philippines
Tel: +63 (2) 8845 2728