This function has the responsibility of ensuring compliance with legislative and regulatory requirements as well as policies and procedures. Moreover, a compliance certificate has to be delivered by the board to the central bank on an annual basis as we want to ensure that the board is assuming its compliance oversight responsibilities over the activities of the institution.
One billion people today are aged 60 or over, 13 per cent of the world’s population, and this age group is growing much faster than the younger ones. This trend will bear directly on the rates of workforce participation and, in turn, impact rates of potential economic growth across the industrialized world.