FCA to scrutinise funds' op risk, expert warns
EU Alternative Investment Fund Managers Directive requires greater formality over op risk
The UK's Financial Conduct Authority (FCA) will pay close attention to the operational risk of alternative investment fund managers, an industry expert warns.
"Operational risk, as a subject, I suspect will be quite a focus for the FCA over the next year," says Jonathan Wilson, director of project consulting at asset management consultant Cordium in London. "Will they take what they see in banks and very large asset management firms and just assume that's the standard that should be across the
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