Europe Arab Bank sharpens compliance processes

22 Jul 2010 - NETconsent chosen as policy management system

London - As part of its ongoing efforts to strengthen corporate governance, Europe Arab Bank plc has undertaken a review of its policy framework, with a particular emphasis on improving delivery and tracking, selecting NETconsent as its policy management system.

Less is more

Maintaining large policy manuals (covering AML regulations, liquidity and capital requirements, etc) on an intranet doesn’t provide employees with information in a digestible format. Europe Arab Bank requires clear, demonstrable assurance that its staff know and understand at all times what is required of them on a day-to-day basis.

“We expect our staff to stay on top of business critical regulations,” says Philip Hindley, Head of Compliance for Europe Arab Bank. “NETconsent will make this task much easier for them and it is reassuring for the business to know that we can produce evidence of policy compliance at the click of a button.”

Europe Arab Bank has decided to break its policies, guidelines and procedures down into ‘bite-size’ documents, to make them more concise, simpler to read and easier to comprehend. NETconsent will automatically manage publication of these revised documents in a controlled manner and has the added advantage of maintaining a full audit trail of who has seen which updates and when.

Europe Arab Bank is fully committed to the principles of corporate governance. NETconsent offers a mechanism for effectively instilling sound corporate values and holding individuals more accountable for their actions.

-------- Notes to the editors ---------

Philip Hindley, Head of Compliance at Europe Arab Bank is deliverying a presentation today at the British Bankers Association.

For further information please contact:

Dianne Weston, Marketing & PR Manager
Europe Arab Bank
E: dianne.weston@eabplc.com  T: +44 (0)20 7315 8688

Beverley Stonehouse, Marketing Communications
NETconsent Ltd
E: pr@netconsent.com  T: +44 (0)370 013 1600     

About NETconsent

NETconsent Ltd is the leading vendor of policy management and e-delivery software.  NETconsent automates policy management, assuring sound governance throughout the enterprise.   By making policies more visible and enforceable NETconsent raises standards of individual accountability and conduct.  NETconsent Ltd is a UK company based in Fleet providing policy compliance across the public and private sectors. www.netconsent.com

About Europe Arab Bank plc

Europe Arab Bank plc is a limited liability company established under British law with its headquarters in London. Incorporated in England and Wales, EAB is authorised and regulated by the Financial Services Authority. It has branches in Austria, France, Germany, Italy and Spain employing around 300 people.
www.eabplc.com

Europe-Arab-Bank-sharpens-compliance-.pdf