FSA publishes Pillar II assessment framework

The UK Financial Services Authority (FSA) has become the first national financial services supervisor to publish details of its Basel II Pillar 2 assessment framework, called the Supervisory Review and Evaluation Process (SREP).

The document, entitled Our Pillar 2 Assessment Framework, shows how measures will be applied by the FSA and how the Internal Capital Adequacy Assessment Process (ICAAP) will be carried out. This should help firms to understand better the rationale for various aspects of

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