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compliance manual and compliance officer

German translation: Compliance-Handbuch

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:compliance manual
German translation:Compliance-Handbuch
Entered by: EMatt
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07:15 May 7, 2001
English to German translations [PRO]
Law/Patents
English term or phrase: compliance manual and compliance officer
Instruction to personnel how to stay within the law, officer responsible for this
Erika Matt
Compliance-Handbuch; Compliance Officer (Oberaufseher, Betriebsjurist)
Explanation:
Es ist schwer, eine deutsche Ensprechung zu finden. Am besten lassen Sie es unübersetzt, weil es im Deutschen gängig genug ist.

1. manager-magazin.de - Das Portal der Wirtschaft
... Ein Oberaufseher (Compliance Officer) überwacht die Einhaltung der Regeln und führt eine Beobachtungsliste (Watch List).

www.manager-magazin.de/magazin/artikel/0,2828,1504,00.html

2. WHAT IS A COMPLIANCE OFFICER? A compliance officer stands at the crossroads between auditing, internal control and management's legal responsibilities, and is to some extent the guardian of the bank's code of conduct. The compliance officer acts completely independently and his/her role is to supply the bank's top management with all the necessary information on whether their decisions comply with the law, the professional rules and regulations and with the internal directives or with those of the regulatory authorities. He/she must also take the initiative to check that the various departments abide by the bank's code of ethics. Furthermore, he/she must make sure that the staff is well informed of the code of ethics and that technical and commercial standards of the bank's products comply with it, too.

A coveted position ...

In Switzerland, the two largest banks, as well as Geneva's Cantonal Bank, already have a compliance officer who is more than the head of the legal department. One of Geneva's leading banks for asset management is also about to create a post for compliance officer. His/her role is vital, for he/she needs to see to it that his/her employer does not incur any risk regarding the bank's reputation, for reputation is one of the bank's most precious assets. However, this type of risk is extremely hard to qualify and quantify. It may arise when the regulatory authorities publish sanctions imposed on a bank as an additional penalty. When such matters become public, the consequences for the bank's relations with its customers can be disastrous.

The position of a compliance officer is not mandatory under Swiss law. The function was created in the United States and was motivated by the multiplication of banking regulations and regulatory authorities, i.e. by that of audits and auditors, with which and with whom banks are now having to deal with as they do with customers. Their increasingly difficult legal environment places them in a situation fraught with the risk of maybe having to pay heavy fines. The task of a compliance officer is to help the bank negotiate the regulatory shoals successfully.

http://www.geneve-finance.ch/e/index7_question6.htm

3. anzleien in Deutschland
... deutsche Tochter einer großen japanischen Bank wurde ein compliance-Handbuch erstellt sowie die ständige bankaufsichtsrechtliche Beratung übernommen.

Selected response from:

Vesna Zivcic
Local time: 10:12
Grading comment
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4 KudoZ points were awarded for this answer

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Summary of answers provided
naHandbuch der Durchführungsbestimmungen, Durchführungskontrolleur
Wynona Kaspar
naCompliance-Handbuch; Compliance Officer (Oberaufseher, Betriebsjurist)
Vesna Zivcic


  

Answers


20 mins
Compliance-Handbuch; Compliance Officer (Oberaufseher, Betriebsjurist)


Explanation:
Es ist schwer, eine deutsche Ensprechung zu finden. Am besten lassen Sie es unübersetzt, weil es im Deutschen gängig genug ist.

1. manager-magazin.de - Das Portal der Wirtschaft
... Ein Oberaufseher (Compliance Officer) überwacht die Einhaltung der Regeln und führt eine Beobachtungsliste (Watch List).

www.manager-magazin.de/magazin/artikel/0,2828,1504,00.html

2. WHAT IS A COMPLIANCE OFFICER? A compliance officer stands at the crossroads between auditing, internal control and management's legal responsibilities, and is to some extent the guardian of the bank's code of conduct. The compliance officer acts completely independently and his/her role is to supply the bank's top management with all the necessary information on whether their decisions comply with the law, the professional rules and regulations and with the internal directives or with those of the regulatory authorities. He/she must also take the initiative to check that the various departments abide by the bank's code of ethics. Furthermore, he/she must make sure that the staff is well informed of the code of ethics and that technical and commercial standards of the bank's products comply with it, too.

A coveted position ...

In Switzerland, the two largest banks, as well as Geneva's Cantonal Bank, already have a compliance officer who is more than the head of the legal department. One of Geneva's leading banks for asset management is also about to create a post for compliance officer. His/her role is vital, for he/she needs to see to it that his/her employer does not incur any risk regarding the bank's reputation, for reputation is one of the bank's most precious assets. However, this type of risk is extremely hard to qualify and quantify. It may arise when the regulatory authorities publish sanctions imposed on a bank as an additional penalty. When such matters become public, the consequences for the bank's relations with its customers can be disastrous.

The position of a compliance officer is not mandatory under Swiss law. The function was created in the United States and was motivated by the multiplication of banking regulations and regulatory authorities, i.e. by that of audits and auditors, with which and with whom banks are now having to deal with as they do with customers. Their increasingly difficult legal environment places them in a situation fraught with the risk of maybe having to pay heavy fines. The task of a compliance officer is to help the bank negotiate the regulatory shoals successfully.

http://www.geneve-finance.ch/e/index7_question6.htm

3. anzleien in Deutschland
... deutsche Tochter einer großen japanischen Bank wurde ein compliance-Handbuch erstellt sowie die ständige bankaufsichtsrechtliche Beratung übernommen.




    Reference: http://www.kanzleien-handbuch.de/kanzleien/edit/ba2.htm
Vesna Zivcic
Local time: 10:12
Native speaker of: Croatian
PRO pts in pair: 395
Grading comment
Thanks
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11 days
Handbuch der Durchführungsbestimmungen, Durchführungskontrolleur


Explanation:
Durchführung= the performance of a regulated procedure
Bestimmungen= rules and regulations
Handbuch= manual
Kontrolleur= controlling officer


    native German speaker - just using my common sense
Wynona Kaspar
United Kingdom
Local time: 09:12
PRO pts in pair: 18
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