Glossary entry (derived from question below)
French term or phrase:
1er niveau
English translation:
1st line (.../ 2nd line, etc, see explanation)
Added to glossary by
Rimas Balsys
Oct 30, 2010 03:44
13 yrs ago
6 viewers *
French term
1er niveau
French to English
Bus/Financial
Business/Commerce (general)
Corporate Compliance
This is a document by a financial regulator (similar to the FSA in the UK or SEC in the US) outlining the principles that should guide any company setting out to define a code of ethics. It states that any code of ethics should specify "les responsabilités des contrôleurs de **1er niveau** et du RCCI" (RCCI = Head of Internal Control & Compliance).
It also states that the ethics oversight mechanism should provide for "le contrôle permanent de **1er et de 2ème niveau**".
QUESTION IS: Does "1er et de 2ème" refer to the top two levels or the bottom two levels of management?
Thanks as always :-)
It also states that the ethics oversight mechanism should provide for "le contrôle permanent de **1er et de 2ème niveau**".
QUESTION IS: Does "1er et de 2ème" refer to the top two levels or the bottom two levels of management?
Thanks as always :-)
Proposed translations
(English)
| 3 +4 | Level 1 / level 2 |
Rob Grayson
|
| 3 +1 | First Level |
mohanv
|
| 3 -1 | first-tier/top-tier |
David Hollywood
|
Proposed translations
+4
3 hrs
Rob Grayson
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Related KudoZ points
:
444
Selected
Level 1 / level 2
When I worked in banking I often had dealings with Compliance. They used the language of Level 1 and Level 2 controls, with level 2 being more stringent than level 1. Your text applies the terms to both controls (specifically le contrôle permanent) and people ( the contrôleurs and the RCCI), but I think it's probably safe to assume that the meaning is the same in both cases (i.e. referring to the seriousness of the controls and checks being carried out).
Peer comment(s):
| agree |
writeaway
24 mins
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Thanks
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| agree |
Charlie Bavington
: Nothing like a smidgeon of basic understanding of the topic in hand.
5 hrs
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Indeed - thanks Charlie
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| agree |
lydiar
14 hrs
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Thanks
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| agree |
rkillings
: Or first-level/second-level. When '1er et 2ème degré' also appears, the received translation is "line", i.e., first-line, second-line --> 4 possible permutations (except for those companies that count external audits as 'contrôles de 3e degré').
2 days 21 hrs
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Thanks, Bob
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4 KudoZ points awarded for this answer.
Comment: "I feel no one got it quite right but Rob came closest. See the very clear PwC I found: (http://www.pwc.com/en_GX/gx/insurance/pdf/three_lines_of_defence.pdf)"
-1
8 mins
David Hollywood
Native in English
Specializes in field
worked for int. orgs (IMF, OAS, IDB)
Native in: English
Works in: Spanish to English, German to English
Related KudoZ points
:
55
first-tier/top-tier
:)
Peer comment(s):
| neutral |
Rob Grayson
: These are not terms that are generally used in a compliance context
6 hrs
|
| disagree |
rkillings
: Wrong way. Level 1 is lower, closer to the transactions. Level 2 is higher (in one sense at least), making independent checks at a more aggregate level.
3 days 1 hr
|
+1
1 hr
First Level
This is a third party checking and in my opinion it is lower level
Ref:
http://www.programmemed.eu/fileadmin/PROG_MED/telechargement...
First Level Control system
Chosen control system - Decentralized control system
System description
Each beneficiary will choose a controller according to a vade-mecum and specifications completed by the national authority. The Member State will not establish a shortlist of controllers. The selection of controllers will be done by the beneficiary using a call for tenders (within the framework of the procurement code for public beneficiaries) except in the case where the controller comes from the same structure in which case independence must be guaranteed between the beneficiary service and the service in charge of First Level Control. The beneficiary will propose its controller to the national authority for approval within three months following project approval.
Controller’s qualifications
− The controllers must be an accounting authority; public or private, external or internal.
− The controller must be absolutely independent from the beneficiary. If the controller belongs to the same structure or organization as the beneficiary then they must not belong to the same service (organization chart to be provided).
− The controller must be familiar with Community regulations and must have experience controlling European dossiers.
− If possible, the controller must be familiar with national regulations in the fields concerned by the operation
− The controller must be bilingual in both English and French
Control costs
The control costs will be covered by the partner and integrated into the project budget as an eligible expense. The contract between the partner and the controller will give details of the costs linked to checking operations (whether the controller is public or private).
Responsible body
Conseil Régional PACA
Direction Générale Adjointe des Relations
Internationales et des Affaires Européennes
Mission Europe / Autorité nationale
27 place Jules Guesde
13 481 Marseille Cedex 20
Ref:
http://www.programmemed.eu/fileadmin/PROG_MED/telechargement...
First Level Control system
Chosen control system - Decentralized control system
System description
Each beneficiary will choose a controller according to a vade-mecum and specifications completed by the national authority. The Member State will not establish a shortlist of controllers. The selection of controllers will be done by the beneficiary using a call for tenders (within the framework of the procurement code for public beneficiaries) except in the case where the controller comes from the same structure in which case independence must be guaranteed between the beneficiary service and the service in charge of First Level Control. The beneficiary will propose its controller to the national authority for approval within three months following project approval.
Controller’s qualifications
− The controllers must be an accounting authority; public or private, external or internal.
− The controller must be absolutely independent from the beneficiary. If the controller belongs to the same structure or organization as the beneficiary then they must not belong to the same service (organization chart to be provided).
− The controller must be familiar with Community regulations and must have experience controlling European dossiers.
− If possible, the controller must be familiar with national regulations in the fields concerned by the operation
− The controller must be bilingual in both English and French
Control costs
The control costs will be covered by the partner and integrated into the project budget as an eligible expense. The contract between the partner and the controller will give details of the costs linked to checking operations (whether the controller is public or private).
Responsible body
Conseil Régional PACA
Direction Générale Adjointe des Relations
Internationales et des Affaires Européennes
Mission Europe / Autorité nationale
27 place Jules Guesde
13 481 Marseille Cedex 20
Peer comment(s):
| agree |
AllegroTrans
7 hrs
|
|
Thanks
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| neutral |
rkillings
: Definitely not third-party if the context is internal control/compliance. Level 1 is within the business line, Level 2 separate from it.
3 days 39 mins
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Discussion
The only reason I can think of, is it's similarity to the English first level support which is of course front line & low level. But I'm listening with interest...