Ultimate responsibility for internal control of financial reporting rests with Swedbank’s Board of Directors. The Board’s Audit and Compliance Committee is tasked with monitoring the financial reporting and the effectiveness of Swedbank’s internal control, internal audit and risk management. The Board reviewed the bank’s policy documents covering corporate governance during the year to underscore the importance of good internal control and risk management. There is a special Group-level instruction for internal control established by the CEO, who is responsible for ensuring that the required organisation is in place. This, together with other operating governance documents, constitutes the bank’s framework for the internal control of financial reporting.