The Bank strictly adheres to legal requirements to have a clear organisational structure with transparent lines of responsibility and adequate internal control mechanisms - including sound administrative and accounting procedures - as well as remuneration policies that promote effective risk management.
BIL's corporate governance framework is laid out in a Charter
As a systemically important institution, BIL is supervised by the European Central Bank together with Luxembourg’s Commission de Surveillance du Secteur Financier.
The administration of the bank is entrusted to its Board of Directors, whose members are appointed by the shareholders’ general meeting. The Board of Directors is responsible for ensuring that the overall strategic and organisational objectives of BIL and its subsidiaries and branches are attained.
The Board of Directors has delegated the daily management of the bank to the Executive Committee, which is chaired by the Chief Executive Officer.