UK FSA writes AMA strategy anew
London -– An official from the UK’s Financial Services Authority (FSA) sketched in some details of the regulator’s approach to the operational risk portions of Basel II implementation in that country at an operational risk conference held in early July in London.
In recent months, the regulator has been criticised by industry executives for its seeming failure to communicate its intentions in the op risk area clearly and firmly.
Michael Folger, director of the wholesale and prudential policy division of the FSA, started his presentation by saying that the FSA’s implementation of the EU’s Capital Adequacy Directive and related text would simply be
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