Fund Groups must set up risk management systems this year in preparation for 2006 start date
Fund management groups could be ranked by their risk management capabilities under the FSA's latest proposals for the implementation of the Basel II and EU Capital Adequacy Directive standards. Although it is not yet clear how much of this data will be made public, it is believed it will take a similar form to the capital adequacy tables of life offices and will be another means for intermediaries and the public to judge the strength of particular product providers. How this ranking will be calculated is still being consulted on by a working party of FSA and fund management professiona...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
