Complying with FSA’s Risk Assessment Framework, ARROW – Best Practices

• By: Staff Editor
• Date: January 05, 2012

The UK Financial Services Authority (FSA) created the Advanced, Risk-Responsive Operating Framework (ARROW) framework to:

1. identify main risks to FSA objectives;
2. measure the importance of those risks;
3. mitigate those risks, depending on size; and
4. monitor and report on the progress of the complete risk management process.
    

This article provides best practices companies can follow in order to comply with the ARROW framework.