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  • BayernLB - Sustainability Report 2009 - Recommend
    sustainability report Key figures Parameters of this report Foreword Sustainability management Integrity Dialogue with stakeholdes Corporate citizenship Human resources Environmental protection Sustainable financial solutions Subsidiaries GRI content index Home Recommend Name of sender Email address of sender Name of receiver

    Original URL path: http://www.nachhaltigkeitsbericht.bayernlb.de/cgi-bin/show.ssp?companyName=bayernlb&language=English&report_id=nb-2009&id=9910&fromID=40 (2016-04-24)
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  • BayernLB - Sustainability Report 2009 - Combating money laundering, economic crime and terrorism financing
    therefore of great importance BayernLB is subject to a whole range of national and international regulations and implements new measures such as the 3rd EU Anti Money Laundering Directive promptly and without restriction The strategic guidelines and operational implementation in the fight against money laundering and fraud are set down in the Group wide risk strategy the concept on preventing money laundering fraud and terrorism financing the risk based approach with constantly updated risk analyses and specific instructions The overriding aim is to protect customers staff and the Bank from loss or abuse as a result of criminal activity To achieve this the idea of PRIEM the German acronym for prevention research information investigations measures has been implemented The focus is on preventive measures A new customer approval process and constant monitoring of existing relationships and transactions ensure that UN EU and German rules on embargoes and sanctions are observed in full To the greatest extent possible all audit processes are automated Audits are based on information from the Bank s own IT systems and external sources However standardised and proven processes can only successfully combat money laundering fraud and the financing of terrorism with the support of all staff

    Original URL path: http://www.nachhaltigkeitsbericht.bayernlb.de/cgi-bin/show.ssp?companyName=bayernlb&language=English&report_id=nb-2009&id=4010 (2016-04-24)
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  • BayernLB - Sustainability Report 2009 - Compliance
    Compliance In order to protect customers the Bank seeks to identify possible conflicts of interest between itself and staff and customers so that customers are not potentially disadvantaged The organisational steps this involves have been put in place and appropriate measures taken Securities services customers receive an information brochure at the start of the business relationship explaining how conflicts of interest are dealt with Clearly defined Chinese walls ensure that insider information is not passed on to unauthorised persons The flow of such information is monitored and managed with the help of a watch list and a restricted list produced by Capital Markets Compliance The employee transaction guidelines include all the regulations to be observed in employee transactions This is an internal code of conduct making it entirely clear that staff may not buy or sell securities they are dealing with professionally and that employee transactions must not harm the interests of customers or the Bank In addition no employee may in performing their duties demand or accept any financial or non financial recompense or other benefit for themselves or for third parties These preventive guidelines also protect staff against deliberate and accidental breaches of criminal law Violations of the

    Original URL path: http://www.nachhaltigkeitsbericht.bayernlb.de/cgi-bin/show.ssp?companyName=bayernlb&language=English&report_id=nb-2009&id=4020 (2016-04-24)
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  • BayernLB - Sustainability Report 2009 - Data protection
    dealing with both customers and staff It is the task of the data protection officer to see that the German Data Protection Act and other regulations are observed and customers and staff protected from having their data misused A standard data protection procedure has been put in place which specifies detailed in depth and regular checks For instance it was decided at an early stage that HR the Staff Council and line managers should be involved in assessing employee data as well as the data protection officer In this way employee interests are protected at all times BayernLB s duty of care extends beyond the internal use of sensitive data though It also considers external service providers who process data under contract Important breaches of data protection affecting customers such as those involving bank account or credit card details are reported to the regulator immediately In addition as required by law the customers affected are advised and necessary countermeasures taken Revisions I to III of the German Data Protection Act which took effect on 1 September 2009 1 April 2010 and 11 June 2010 were implemented on schedule BayernLB therefore now provides the new enhanced right to information about the

    Original URL path: http://www.nachhaltigkeitsbericht.bayernlb.de/cgi-bin/show.ssp?companyName=bayernlb&language=English&report_id=nb-2009&id=4030 (2016-04-24)
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  • BayernLB - Sustainability Report 2009 - Consumer protection
    therefore of considerable importance to ensure that retail investors have trust in the savings banks and in BayernLB s products Product safety transparency and simplicity are key principles when developing and selling securities investment products In order to protect customers products should be structured as simply and transparently as possible to allow customers to act on their market view on the basis of the information provided Product development is not the only area where customer protection is important it is also key in investment consulting Since it is the savings banks which advise customers BayernLB provides the advisors at the savings banks with a great deal of information For structured products in particular this includes product specific guidelines with all the relevant information for the customer as well as additional details for the advisor For transactions in simple securities a product information sheet is used which follows the recommendations of the Federal Ministry of Consumer Protection The magazine AdvisorCompass BeraterKompass is also published It has been specially tailored to meet the information requirements of investors and customers and contains general background information If advice is to be transparent and full customers must always be advised of the risk return tradeoff

    Original URL path: http://www.nachhaltigkeitsbericht.bayernlb.de/cgi-bin/show.ssp?companyName=bayernlb&language=English&report_id=nb-2009&id=4040 (2016-04-24)
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  • BayernLB - Sustainability Report 2009 - Corporate governance
    business policy is determined to a large extent by responsible transparent management and controls designed to increase the value of the company over the long term BayernLB therefore places great emphasis on corporate governance that lives up to these requirements As a corporation established under public law BayernLB has a management and supervisory structure laid down in the Bayerische Landesbank Foundation Act with responsibilities split between two bodies which have different members The Board of Management runs the business while the Supervisory Board appoints monitors and advises it The other corporate body is the General Meeting of Shareholders which has the power to decide matters of basic principle The corporate governance principles summarise the corporate management and control regulations applicable to BayernLB which are either legal requirements or which BayernLB has chosen to impose on itself These principles are largely based on the provisions of the German Corporate Governance Code so far as these can be sensibly applied to BayernLB as an unlisted public sector company with only two indirect shareholders BayernLB s corporate governance principles go beyond the requirements of the German Corporate Governance Code in a number of areas BayernLB has a major interest in making the corporate

    Original URL path: http://www.nachhaltigkeitsbericht.bayernlb.de/cgi-bin/show.ssp?companyName=bayernlb&language=English&report_id=nb-2009&id=4050 (2016-04-24)
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  • BayernLB - Sustainability Report 2009 - Communications with staff
    are committed to driving such issues forward Employees are regularly updated on relevant topics using various internal communication media By way of example the staff magazine has included detailed contributions on issues such as climate change risks and opportunities Desertec and renewable energy Employees can also consult position papers to allow them to respond to direct approaches by stakeholder groups These clearly set out the line the Bank is taking

    Original URL path: http://www.nachhaltigkeitsbericht.bayernlb.de/cgi-bin/show.ssp?companyName=bayernlb&language=English&report_id=nb-2009&id=4510 (2016-04-24)
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  • BayernLB - Sustainability Report 2009 - Dialogue with social groups and associations
    Bayern At the start of 2010 the Bank also joined Energy Shift Oberland Civil Foundation for Renewable Energies and Energy Saving Energiewende Oberland Bürgerstiftung für Erneuerbare Energien und Energieeinsparung This body promotes measures to make it possible for electricity in the vicinity of Bad Tölz Wolfratshausen and Miesbach to come entirely from regionally generated renewable energies within 30 years The aim is to keep the value added within these districts and create new jobs The Bank will contribute its expertise in financing renewable energies Over the period under review the Bank chaired the Climate Change Finance Forum which was set up as part of the German government s high tech strategy to exchange information between researchers technology drivers and the financial services industry The Bank also provided a member on the Managing Board of the Association for Environmental Management in Banks Savings Banks and Insurance Companies Where relevant details of the Bank s activities in other associations are provided in the section headed Corporate citizenship BayernLB has a close network of partners demonstrating its solidarity with other groups in society to deal with pressing contemporary issues Energy and climate change remain key focus points Activities in social groups excerpt General business The German Association for Personnel Management Deutsche Gesellschaft für Personalführung e V The German Institute for Internal Audit Deutsches Institut für interne Revision e V The German Association for Data Protection and Data Security Gesellschaft für Datenschutz und Datensicherheit e V Marketing Club Munich Marketing Club München e V The Committee on Eastern European Economic Relations Ost Ausschuss der Deutschen Wirtschaft The Schmalenbach Society for Business Administration Schmalenbach Gesellschaft für Betriebswirtschaft e V Banking and financial services ACI Deutschland The Financial Markets Association The Banking Law Association Academic Association for Banking Law Bankrechtliche Vereinigung wissenschaftliche Vereinigung für Bankrecht e

    Original URL path: http://www.nachhaltigkeitsbericht.bayernlb.de/cgi-bin/show.ssp?companyName=bayernlb&language=English&report_id=nb-2009&id=4520 (2016-04-24)
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