Compliance is integral to the Bank’s ethical, professional and business approach.
The independent EIB Compliance function promotes the highest standards of integrity and ensures that they are applied to all of the Bank’s activities, as outlined in our integrity policy and compliance charter.
As well as combating money laundering and the financing of terrorism, the Compliance function strongly supports a corporate culture based on ethical values and professional conduct.
Compliance activities
Areas of activity within Compliance include:
- integrity checks on operations and counterparties
- integrity of staff and governing bodies (ethics)
- ensuring that procurement selection procedures comply with internal rules.
Organisation
In accordance with the principles laid down by the Basel Committee, Compliance is an independent Directorate under the guidance and responsibility of the EIB's Group Chief Compliance Officer (“GCCO”). The GCCO reports directly to the President of the Bank under the functional authority of the relevant Vice-President.
Compliance risk is managed at EIB Group level by the GCCO, who coordinates:
- the Office of the Chief Compliance Officer (OCCO), in charge of European Investment Bank Compliance and
- Compliance and Operational Risk (COR), in charge of European Investment Fund Compliance and Operational Risk.
In the spotlight
Publications
- Processing of personal data by the Fraud Investigations Division and the Office of the Chief Compliance Officer
- Office of the Chief Compliance Officer Activity Report 2017
- Office of the Chief Compliance Officer Activity Report 2016
- Office of the Chief Compliance Officer Activity Report 2015
- EIB Office of the Chief Compliance Officer Activity Report 2014