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Update

ISSUE 41, November 2002


Financial Regulation

Financial Regulation

Following the completion of the process of updating netting opinions for the Phase 2 jurisdictions the FOA will be raising with the FSA certain issues with regard to the requirements of the Prudential Sourcebook for netting agreements and opinions.

The Financial Regulation Forum in October heard a presentation from the FSA on the implementation of new Basel and EU Capital Adequacy standards with particular emphasis on Operational Risk issues. The FOA continues to pursue the potential for providing a service to members in this area and has set up a Working Group to provide feedback and guidance.