Other actors of permanent control

Several functional independent departments contribute to the control of Group operations :
  • The Risk division, with agents in the Group’s business divisions and subsidiaries, is responsible for implementing the credit, market and operational risk control system and ensuring risks are monitored in a consistent fashion across the Group.
  • The Group Finance Division, which, in addition to its financial management responsibilities, also carries out extensive accounting and finance controls (structural interest rate, exchange rate and liquidity risks). More specifically, its ALM Department is responsible for defining Group standards governing structural interest rate risks (maturity standards, risk monitoring indicators and tools) to be applied by all entities included in the Group’s scope of consolidation.
  • The Group Resources Department, which is specifically responsible for information system security.
  • The Group’s Corporate Secretary who is responsible for the consistency and efficiency of the Group’s compliance control system.
  • The Group Corporate Secretary is assisted in this role by a Group Compliance Committee, which meets once a month, and notably comprises the heads of compliance appointed within each business division.
    The compliance of the Group’s operations is monitored on a regular basis within this structure by the heads of compliance who are supported by the corporate departments which report to the Corporate Secretary.
  • The Compliance Department, which verifies that all laws and regulations as well as compliance rules and principles applicable to the Group’s banking and investment services activities are observed, and that all staff respect codes of good conduct and individual compliance. It also monitors the prevention of reputation risk.
  • The Legal and Tax Departments, which respectively monitor legal security and compliance, and the security of all Group activities in terms of taxes.
These corporate divisions are represented by local staff within each operating entity and, in certain subsidiaries and branches, by departments exercising the same type of function. The corporate division teams are responsible for compliance monitoring and training as well as for the distribution of relevant information throughout the Group. Finally, Societe Generale continues to make targeted efforts to raise awareness among staff and provide training in the prevention of non-compliance risks, throughout both its corporate and business divisions.