FSA officially scraps op risk systems and controls

The FSA let members of its Operational Risk Standing Group know of its plans at its September meeting, but it had not officially announced its plans. As a result, banks and asset management firms were left in a state of limbo for several days while they awaited confirmation of the change. The FSA published a letter to firms on September 15, two days after BaselAlert.com and Operational Risk broke the news. (To view this story click here.)

Now, according to the FSA letter, the ‘Systems and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: