First level of responsibility

The permanent supervision of activities by operational staff themselves forms the cornerstone of the permanent control process. This is defined as all of the measures taken on a permanent basis to ensure the compliance, security and validity of transactions performed at the operational level. It comprises two elements:
  • day-to-day security: all operational staff are required to permanently comply with the applicable rules and procedures governing all transactions carried out;
  • formal supervision: management is required to make regular checks using written procedures to verify that staff comply with the rules and procedures for processing transactions and for ensuring effective day-to-day security.