Page 53 - A&T BANK ANNUAL REPORT 2012

51 50 A&T BANK ANNUAL REPORT 2012 •
continued to classify its assets, as defined in the Basel II
accord and conduct required studies on measuring credit
and market risk in compliance with the Basel II agreement,
in 2012. Additionally, A&T Bank started to prepare official
reports within the framework of the Basel II studies, which
remain at the top of the Risk Management Department’s
agenda. With the participation of various units, the Bank has
established a Basel II Compliance Committee, which carried
out preparatory work for the Basel II accord and completed
the documentation of required policies and implementation
procedures. In addition to these initiatives, A&T Bank has
continued efforts to switch to full automation of reporting and
documentation procedures as required under both local and
international law.
In 2012, the Bank updated, expanded and refined the rules
for its internal systems. The Bank’s workflow processes
continue to undergo an extensive and comprehensive
reconfiguration to achieve compliance with T-24, the
banking system; during these modifications, the Internal
Control Department and the Inspection Council provided
the necessary support to the business units involved.
Participation in preparation and updating of the Bank’s
printed forms was ensured and the support was provided
to the “T24 Application Version Update-User Test Program”.
Within the scope of the A&T Bank Business Continuity
Management Plan, scheduled activities were carried out in
coordination with an external consulting company and the
participation of the relevant departments of the Bank.
During the strategic decision-making process, the Bank’s
Board of Directors and senior management always assess
and take into account work conducted in the context of
internal systems management including audit findings,
comprehensive risk analyses, simulations, stress tests, and
the like. The daily and other periodic audits and inspections
carried out throughout 2012 have not brought to light any
situations that could adversely affect the activities of the
Bank nor any that could prevent the Bank from fulfilling its
obligations. The Committee noted the overall success of
internal control and risk management systems. It also noted
that the Bank’s activities in general bear a manageable level
of risk and that all financial and legal reports are prepared
accurately and in compliance with all applicable laws.
Hasan Kimya Bolat
Chairman of the Audit Committee