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FSA study shows wide gap in firms’ op risk frameworks

London -- In late July, the UK’s FSA published a study of the practical implementation challenges that financial firms face when putting together an op risk infrastructure. The project, Building a framework for operational risk management: the FSA’s observations, was launched in April 2002. FSA officials visited some 22 firms, two-thirds of which were either banks or deposit-takers, in order to

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