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ECCTA Fraud Risk Analysis - Approach Considerations

Conducting a robust fraud risk analysis requires managers to define an appropriate scope, develop a comprehensive understanding of resources, business processes, and activities, estimate the likelihood and impact of risks using an appropriate risk matrix, and align existing controls with identified fraud risk factors. Ultimately, this enables an evaluation of the effectiveness of existing controls to support regulatory compliance.

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Chris Moran

Chris Moran
Chris is an Operational Resilience and Business Continuity specialist with 11 years of experience within the financial sector. Most recently Chris has been heavily involved in implementing Operational Resilience programmes across banking and insurance firms with a focus on Impact tolerances and scenario testing. He is experienced in integrating Resilience risk management within existing enterprise risk management frameworks including training and support of first line teams. In addition to understanding of both the FCA and PRA policies Chris also has the knowledge and expertise to design operational programmes tailored to suit the proportionality of a wide range of different firms across the financial sector.

Recent Posts

BoE speech | Ops Res: Next steps on the PRA’s Supervisory roadmap

Last week, David Bailey, Executive Director for UK Deposit Takers Supervision at the BoE, delivered his speech on the key next steps on the PRA's supervisory Operational Resilience roadmap.

Topics: Insurance Sector

May 4, 2022
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Operational Resilience: Beware "Claims" as an overarching IBS

The importance of clearly interpreting your Important Business Services (IBS) with appropriate detail, is critical. With an unambiguous definition of customer, process and intolerable harm, setting ...

Topics: Insurance Sector

February 25, 2022
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Operational Resilience | What's the  impact on 3rd party suppliers?

In March this year, the FCA (Financial Conduct Authority) and Prudential Regulatory Authority (PRA) launched joint policies for Operational Resilience. The PRA released an accompanying supervisory ...

Topics: Insurance Sector

October 25, 2021
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