Janice Laing, business director of Compliance First, reveals how to prepare for an FSA risk awareness assessment
Any qualified practitioner in our industry knows only too well the correlation between risk and reward, i.e. the higher the risk the greater the potential reward. However, when it comes to running, directing or managing a business the converse is true; the lower the risk, the higher the potential reward. When looking at business risk awareness, just how aware are you and your staff of existing or potential risks, within your business? To help reduce or eliminate these risks, the Financial Services Authority (FSA) is currently conducting a business risk awareness (BRA) exercise. The...
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