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BASEL II - FROM UNDERSTANDING AND REQUIREMENTS TO TECHNOLOGY SOLUTIONS |
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By: John Simmons, Principal Consultant - Business Intelligence EMEA, Sybase |
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| CP142: Operational risk systems and controls is a directive from the FSA that contains guidance on how a firm should determine its policy for operational risk management and its processes for identification, assessment, monitoring and control of operational risk. Under CP142 directors and senior managers are individually responsible for overseeing the establishment and maintenance of systems and controls relating to op risk. | |