Organizational structure

A structure designed to guarantee best practices in Andorra’s banking sector

Organizational structure_

Organizational structure

Andorran Banking’s organizational structure is based on a rotating presidency and vice presidency that changes yearly, and a standing management body headed by a general director.

The functional structure of the Andorran Banking is characterised by the existence of a series of technical committees composed of members of the different Andorran banks, which meet periodically.

These technical committees analyse and discuss relevant topics in their field of expertise, always with the aim of ensuring best banking practices as they relate to issues that affect the sector such as: SEPA, MiFID, Information Exchange on Tax Matters, International Financial Reporting Standards (IFRS), Prevention of Money Laundering and Terrorism Financing, Strategic Projects, Indirect General Taxation (IGI), Internal Revenue Service (IRS), regulatory compliance, taxation of savings, means of payment and other issues of interest.

Governing bodies