Page 100 - EBA 2015.1815 Annual report 2014 web 2

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E U R O P E A N B A N K I N G A U T H O R I T Y
98
Management assurance
The building blocks of management assurance at the European Banking Authority consist of
several core elements. These are rooted in the implementation of the internal control standards
and continued strong management oversight of both operational and horizontal activities, and
adherence to principles such as sound financial management. The European Banking Author-
ity is subject to regular audits by the internal audit service, the European Court of Auditors,
and audit firms, which all provide impartial and thorough reviews of these standards, and are a
further element of management assurance. With this framework in place, the European Bank-
ing Authority is confident there are no significant weaknesses that would create reservations or
impact on the validity of the Declaration of Assurance from the European Banking Authority’s
Authorising Officer.
Declaration of assurance from the authorising officer
I, the undersigned, Adam Farkas, Executive Director of the European Banking Authority, in my
capacity as Authorising officer,
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Declare that the information contained in this report gives a true and fair view.
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State that I have reasonable assurance that the resources assigned to the activities described
in this report have been used for their intended purpose and in accordance with the principle of
sound financial management, and that the control procedures put in place give the necessary
guarantees concerning the legality and regularity of the underlying transactions.
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This reasonable assurance is based on my own judgement and on the information at my dis-
posal such as the results of the ex ante verifications and ex-post controls performed during
the year, or the reports of the Internal Audit Service and of the European Court of Auditors.
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Confirm that I am not aware of anything not reported which could harm the interests of the
European Banking Authority.
London, 15 June 2015
Adam Farkas,
Executive Director of the European Banking Authority