Governance & Risk Management
MDP is governed by a model based on three principles: segregation of duties, effective internal control and full regulatory compliance. The structure is designed to ensure the sustainability of the activity and the protection of the interests of clients, partners and the institution itself.
Governance model
The organisational structure includes, among others, the following functions:
Board of Directors
Defines strategy, oversees and holds ultimate responsibility for the activity.
Executive Management
Executes the strategy and manages day-to-day operations.
Risk Management function
Identifies, assesses, monitors and mitigates the risks of the activity.
Compliance function
Ensures regulatory compliance and the conformity of procedures.
Internal Audit function
Independent assessment of the internal-control system.
Risk management
MDP has implemented a risk-management model proportionate to its size and the nature of its activity, covering in particular:
Credit risk
Rigorous analysis of repayment capacity, setting of limits, portfolio monitoring and adequate provisioning.
Operational risk
Formalised procedures, segregation of duties, automated controls and a business-continuity plan.
Compliance / regulatory risk
Continuous monitoring of applicable regulation and adjustment of internal procedures.
Technology & cybersecurity risk
Protection of systems, personal data and clients' financial information.
Money laundering & terrorist financing risk
KYC procedures, client due diligence, transaction monitoring and reporting to the competent authorities.