There are few other opportunities to exchange thoughts with payment experts like yourselves in such an intimate setting. Especially in a market that is as fast-moving as payments, central banks stand to benefit enormously from what you have to say. After all, you're the ones that customers come to first to with their wishes.
Internal controls The essence of corporate governance is ensuring that the company is operated, at all times, in a manner that manages risk, achieves the company's stated operating objectives, and protects the best interests of the shareholders. The Internal Control-Integrated Framework of the Committee of Sponsoring Organizations (COSO) of the Treadway Commission is the most-often-mentioned standard on internal control at banking organizations.