At UniCredit Group, compliance with all relevant legislation is essential to our reputation as a business, the confidence of our customers and our ability to deliver on our commitment to sustainability. Furthermore, compliance also plays a leading role in promoting a culture which reflects the Group’s fundamental values and principles.
Compliance
Our approach
Our approach to regulations around all corporate activities
Focus on Customers
Transparency to customers || Consumer safeguard regulation || Risks concerning banking and financial activitiesAdvisory to Bank Functions on Regulatory Requirements
New products || Processes || Business initiatives || Commercial campaigns || Marketing materialsRules and Regulations
Set rules of conducts || Set guidelines and standards, for perimeter of competence || Conflicts of interests management.Our progress so far
28,233 hours
of training group-wide in 2023 dedicated to “ESG in Financial Products Distribution30%
Increase in Compliance training hours*81%
Increase in Anti-Corruption training hours*ESG training is not included in the number of Compliance training hours
During the year, our compliance focused on four key activities
Greenwashing risks
New requirements related to sustainability, including providing support on the business activities impacted by new regulations, with a focus on greenwashing risks (monitoring laws and updating internal frameworks in relevant areas)Internal controls and framework
Updating relevant internal controls and written framework (Global Policy / Risk Framework on Benchmark Regulation (BMR) and Product Governance)Advising the business
Advising the business on products, manufacturing, and marketing materialsCulture and training with an ESG focus
Based on specific initiatives such as 'Tone from the Top', as well as mandatory training for all Group employees and training for Compliance populationDownload the report
