Landsbankinn operates an efficient internal controls and risk management system, which shall have the sufficient authority, skills, independence, expertise and access to the Board of Directors and CEO of the Bank.
There shall be ongoing surveillance of risk, both at group level and individually for each unit. The scope of risk management and the internal controls of the Bank shall continuously be updated in line with changes in the risk appetite of the Bank (in connection with i.a. growth) and external risk factors.
In order for risk management to be effective, the mediation of information related to risk within the Bank needs to be efficient, both at group level and in the reporting process to the Board of Directors and the CEO.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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