Volcker Rule Oversight Committee

Volcker Rule Oversight Committee is an internal body established in scope of the “Volcker Rule Compliance Program” provisions. It is formed to evaluate the conformity status of Garanti Bank and its Subsidiaries' activities and  Compliance Program to the Volcker Rule and to supervise the effectiveness of Volcker Rule Compliance Program.

Committee’s main roles and responsibilities are;

• Provide the settlement of a sufficient Compliance culture,
• Evaluate the conformity of the Volcker Rule Compliance Program to the Volcker Rule;
• Assess declarations of compliance received from the subsidiaries, evaluate conformity of Garanti’s operations to the Volcker Rule; make decisions on this subject, and communicate the decision to the related committee of the BBVA Group;
• Resolve the Volcker Rule related issues which are submitted to the Committee’s agenda,
• Monitor necessities of document updates regarding the policies, procedures, regulations and take actions to ensure that they are updated.

Meeting Frequency: The Committee meets at least 3 times a year or as often as necessary.
Number of Meetings in 2019: 3
 

Committee Members