FSA seeks to enhance op risk frameworks
UK regulator moves forward with its work stream focusing on raising the bar for TSA firms
Three papers are slowly going through the internal approval process at the UK Financial Services Authority that form part of its work: The standardised approach: raising the bar. These papers are the result of several months of discussion in expert groups on the subject of operational risk governance and risk management structures; risk identification, measurement, monitoring and reporting; and the 'use test' (which was covered in Operational Risk & Regulation's August 2009 issue).
The
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