CTRL 7.1.3 Guidance
Other rules may contain specific requirements as to risk management for firms authorised to carry on particular regulated activities. In particular, operational risk is of particular importance to banking business firms and Islamic banking business firms. (For the meaning of operational risk, see BANK, rule 7.1.1 (2) and IBANK, rule 7.1.1 (2).) For the management of operational risk in banking business firms, see BANK, Part 7.2, and in Islamic banking business firms, see IBANK, Part 7.2.
|Derived from QFCRA RM/2020-4 (as from 1st July 2021)|