CTRL 1.2.12 What is the risk management function?

The risk management function for an authorised firm is the function of being responsible for:

(a) the firm’s risk management framework; and
(b) overseeing and reviewing the firm’s implementation of, and its compliance with, those policies, procedures and controls.

Note For more on the risk management function, see Part 6.2; for risk management generally, see Chapter 7.

 

Derived from QFCRA RM/2020-4 (as from 1st July 2021)