UK FSA’s risk assessment framework updated
Changes to the risk-based regulatory framework used by the Financial Services Authority in the UK has been issued today. The report was published by the regulator as a part of a scheduled series addressing the Advanced, Risk-Response Operating FrameWork (Arrow).
The FSA has updated the ways it will monitor various firms, how the risk models are applied to supervisory activities and an explanation of the risk assessment process.
Updates on self-assessment and information for non-executive directors are expected by October this year. Click here to see the framework on the FSA website.
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