What to expect from the FCA's business risk assessments

RISK ASSESSMENTS

Janice Laing, director of business at Compliance First, explains what to expect from the FCA's online business risk awareness assessments.

Clearly not wanting to let any grass even think about growing beneath its feet, the Financial Conduct Authority (FCA) has issued emails containing information regarding the Business Risk Awareness Online Assessment tool to what seems to be most firms in Scotland and Northern Ireland. This includes investment, mortgage and general insurance businesses and will spread to include English and Welsh firms, in geographical groups, before the end of 2013. If, following recent workshops in your area, you have already undertaken a face-to-face or telephone assessment from the Financial Service...