Regulatory Alerts2022-09-27
Regulations amending Finansinspektionen’s rules on operational risk management (FFFS 2021:22)
Finansinspektionen amended its regulations and general guidelines (FFFS 2014:4) to update the management of operational risks for banking companies, investment firms, and clearing undertakings. The revision introduces specific definitions for key terms including contingency plans, incidents, continuity plans, and recovery plans to align with EU regulatory standards. These changes apply at the group level and entered into force on 07 July 2021.
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