You are viewing the FCA Handbook Glossary as it appeared on 25/10/2027.

overall risk assessment

has the meaning in COREPRU 7.2.1R, which, in summary, is the systems, controls and procedures operated by a firm to:

  1. (a) identify, monitor and, if proportionate, reduce all risks from the ongoing operation or winding down of the firm’s business that may cause material harm; and
  2. (b) assess whether the firm should hold own funds or liquid assets to mitigate risks that may cause material harm.
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25/10/2027