|
 |
 |
Governance & Business Management Compliance
Committee
The Compliance Committee is comprised of the Board of Directors, the Business Management Group, the head of each internal division, and representatives from Shinsei Bank. Its mission is to review and monitor Shinsei Trust’s compliance systems and regulatory matters.
Business Management Group
The Business Management Group continues to ensure that Shinsei Trust
pursues its key values and strategic objectives.
Management
Committee
Drawing on the expertise of Shinsei Trust’s
most senior managers, the Management Committee oversees all business
activities and is the main forum for assessing material issues facing
Shinsei Trust.
Transaction Acceptance Committee
The Transaction Acceptance Committee reviews new business opportunities prior to execution and is comprised of members of the Business Management Group as well as managers from the following divisions: Operations, Analytics, Transaction Management, Financial Management, and Compliance & Risk Management.
Internal Audits
Internal Audits are conducted by the Compliance and Risk Management Division in collaboration with the
Internal Audit Division of Shinsei Bank. The Compliance and Risk Management Division reports directly
to the Board of Directors and is independent of the audited units.
Risk Management
What
kind of risks do we face?
Shinsei Trust is engaged in a variety of trust banking activities, but has particular expertise in the securitization of loan receivables and other assets. We understand the main risks to our business include operational, legal and regulatory risks.
 |
 |
Type of Risk |
 |
 |
How the Risk is Minimized |
 |
 |
 |
Operational
Risk |
|
• Utilizing the best technology
• Conducting business under the system of Segregation
of Duties and Mutual Check
• Reviewing business operations through monthly self-inspection
• Training staffs |
System Risk |
|
• Conducting system risk reviews
• Building up data backup systems
• Establishing contingency plans for coping with system failure and disasters
• Staffing appropriately |
Legal
& Regulatory Risk |
|
• Appointing suitable legal counsel
• Reviewing all new transactions via a Transaction Acceptance Committee
• Maintaining close relationships with regulatory authorities
• Developing legal and regulatory guidelines |
Reputation Risk |
|
• Major component of Transaction Acceptance Committee process
• ‘Knowing Your Customer’ through due diligence of all parties involved
|
 |
|
|