Regulatory Alerts2021-09-17
Regulations amending Finansinspektionen’s regulations on operational risk management
Finansinspektionen amended its regulations regarding the management of operational risks to require undertakings to establish internal rules specifying their primary operational risk exposures, identification methods, and risk appetite procedures. These internal rules must address risks from outsourcing and erroneous results, incorporate principles for risk transfer if used, and be decided upon by the board of directors. The regulations entered into force on 29 December 2020 and require consideration of the undertaking's nature, scope, and complexity.
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