INMA 4.2.3 Staff understanding of risks
An IMNA firm must ensure that its staff clearly understand:
(a) the firm's risk management strategy and policy; and
(b) the kinds of risk mentioned in rule 4.2.1(2) and the other kinds of risk that the firm is exposed to;
so that the staff can identify, assess, manage and mitigate those risks effectively.
|Derived from QFCRA RM/2014-4 (as from 1st January 2015).|