UK FSA writes AMA strategy anew

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 a “copy out” of the EU’s legislation, with minimal written formal guidance given by the regulator. “One reason

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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