Stater complies with laws and regulations, internal guidelines, codes of conduct and policies, and we manage risks in a controlled and demonstrable manner with our '3 lines of defence' model. With this model, we show that we control the main risks well. This model consists of the following elements:
All activities required for our services, such as setting interest rates or paying construction deposits, document management activities, complaint management and Platform as a Service (PaaS).
Corporate Audit is independent and a Stater-wide 'extra safety net' in risk management. Corporate Audit reports to the Executive Board and the Supervisory Board.