More Examples in the New Good Practices SIRA

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In the new Good Practices SIRA, DNB provides the sector with up-to-date practical examples regarding the Systematic Integrity Risk Analysis (SIRA). With this, DNB provides more clarity, focusing on a risk-based approach. These new Good Practices replace the previous version from 2015. Financial institutions can see how other institutions are fulfilling their legal obligations concerning the SIRA. As from 26 August, the Good Practices will be available at dnb.nl/voordesector.

New Focus on Integrity Risks

 Compared to the previous Good Practices SIRA (2015 version), the new publication offers more examples of how integrity risks can be identified and analyzed. The new Good Practices SIRA also addresses the management of integrity risks, as well as the monitoring of those risks and the effectiveness of the control measures.

The SIRA: A Tool to Guide Your Organization

With the SIRA, you analyze the integrity risks for your institution. Without a systematic analysis of integrity risks, it is impossible to determine whether your institution’s policies, procedures, and measures are appropriately aligned with those risks. This could result in exposure to criminal offenses, legal violations, or socially unacceptable behavior that may damage trust in the institution or in the financial markets.

The Good Practice outlines ways to continuously assess your own organization to identify which business units may be vulnerable to integrity risks.

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