Prudential Supervision Banks (PSB)
 

The PSB department continuously monitors the financial soundness of the institutions supervised by the CBA, and assesses on an ongoing basis compliance with the State Ordinance on the Supervision of the Credit System (SOSCS), mainly through continuing offsite surveillance of and regular onsite examinations at the supervised financial institutions.

Legal Services 

The Legal Services department processes applications for foreign exchange licenses, profit and dividend declarations or exemptions ex article 19 of the State Ordinance Foreign Exchange Transactions; drafts legislative proposals for laws and regulations concerning the CBA; provides legal advice to all CBA departments including management; and advises on and coordinates legal cases initiated against the CBA. 

Prudential Supervision Insurance Companies, Pension Funds & Investments Institutions (PSIPI)

The PSIPI department keeps track of the financial soundness of institutions supervised by the CBA, and evaluates on an ongoing basis compliance with the State Ordinance on the Supervision of the Insurance Business (SOSIB), the State Ordinance on Company Pension Funds (SOCPF), the State Decree on Captive Insurance Companies (SDCIC), and the State Ordinance on the Supervision of the Securities Business (SOSSB), primarily via continuing offsite surveillance of and regular onsite examinations at the supervised financial institutions. 

Integrity Supervision

The Integrity Supervision department is a key pillar of the CBA’s efforts to maintain confidence in the financial system and assesses on an ongoing basis compliance with the AML/CFT laws and regulations, the State Ordinance on the Supervision of Money Transfer Companies (SOSMTC), the State Ordinance on the Supervision of Trust Service Providers (SOSTSP), and the State Decree on the Supervision of Insurance Brokers (SDSIB). This is done through ongoing offsite surveillance and regular onsite examinations at the supervised financial institutions and the so-called designated non-financial businesses and professions (DNFBP's).

Enforcement Market Entry & Legal Advisory 

The Enforcement Market Entry & Legal Advisory department advises on enforcement measures, the assessment of applications for a license and an exemption or a registration, and advises the management on supervisory policy matters. 

Risk & Compliance

The Risk & Compliance department implements and oversees an enterprise-wide risk management system that ensures that the risks to which the CBA is exposed are properly managed and that mechanisms are put in place to bring or keep these risks within limits acceptable to management. These risks include financial, operational, reputational, and strategic risks that may have an adverse effect on the realization of CBA’s legal mandate and strategic objectives. The Risk & Compliance department also is responsible for promoting a strong ethical culture within the CBA and ensuring compliance with applicable laws, regulations, contracts, guidelines, internal policies, and procedures. This department reports directly to the Executive Director Supervision & Enforcement.