Governance, risk and compliance
Bayport operates in multiple geographies, each with its own regulatory environment. Compliance remains a top priority and is constantly monitored through our robust compliance framework. As an established business with a robust compliance framework, we have an opportunity to entrench our position in the market as leaders through compliance as the pace of regulatory change may present a barrier to entry for others. We also maintain a high level of vigilance to ensure we can proactively prepare for any impending regulatory changes.
We seek to maintain strong relationships with the regulators and industry boards in each of our countries of operation. Where possible, we are represented on industry boards, and in all areas we are active lobbyists for fair and responsible lending practices.We support regulatory systems that contribute to a safer financial system for all and that facilitate sustainable economic growth.
To help promote and maintain a culture of reporting wrongdoing, Bayport rolled out an anonymous toll-free line, supported by an online platform, through which employees and customers can raise ethical and fraudulent issues without fear of recrimination. Our ethics lines are managed around the clock by accredited service providers that operate independently from Bayport. These reporting mechanisms are available to customers, suppliers, agents, consultants, contractors, former employees and other stakeholders as well.
Robust governance framework: Bayport is led by a globally experienced and industry-relevant board of directors. They employ governance structures that drive sustainable growth, manage risk, and create value for all our stakeholders.