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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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Jakes de Kock

Jakes de Kock
Jakes is FourthLine's Marketing Director. He specialises in omni-channel, tech-enabled inbound marketing strategies to drive business growth within the b2b sector.

Recent Posts

Insight Paper: Operational Resilience Framework, Strategy & Planning

Many in-scope firms are uncertain of how to achieve the aims of the 3-year Operational Resilience transitional period set by the regulators. In many cases they also don’t have a strategy that answers ...

Topics: Investment & Asset Management, Insurance Sector

August 24, 2022
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New Policy Statement: Critical 3rd Party suppliers to the finance sector

HM Treasury has published its intentions to oversee Critical Third Parties.

Topics: Investment & Asset Management, Insurance Sector

June 9, 2022
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Digital Resilience for Financial Services Firms | What is DORA?

The European Commission published a legislative proposal for a regulation on Digital Operational Resilience in the EU financial services sector ("DORA") back in September 2020. In parallel, the Bank ...

Topics: Investment & Asset Management, Insurance Sector

May 20, 2022
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New Operational Resilience Technical Paper

FourthLine has just produced a new Operational Resilience Technical Paper.

Topics: Insurance Sector

May 12, 2022
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Operational Resilience key Objective in the PRA's 2022/23 Business Plan

This week the Prudential Regulation Authority (PRA) published its strategy, work plan, and budget for 2022/23.

Topics: Insurance Sector

April 21, 2022
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FCA gives Insurance Firms guidance on areas for resilience improvement

Last week the Financial Services Conduct Authority (FCA) released a statement that summarises the insights they gathered from a sample of 47 insurance firms they surveyed recently.

Topics: Insurance Sector

March 29, 2022
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The Business Case for Operational Resilience

Topics: Insurance Sector

March 3, 2022
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Dear CEO letter from PRA reminds firms of Operational Resilience priority

On 12 January 2022, the Prudential Regulation Authority (PRA) sent Dear CEO letters to, Insurance Firms, Deposit Takers and International Banks active in the UK, setting out its supervisory ...

Topics: Insurance Sector

January 24, 2022
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