88. Staff should be fully aware of their responsibilities relating to risk management. Risk …

Staff should be fully aware of their responsibilities relating to risk management. Risk management should not be confined to risk specialists or internal control functions. Business units, under the oversight of the management body, should be primarily responsible for managing risks on a day-to-day basis in line with the investment firm ’s policies, procedures and controls, taking into account the investment firm ’s risk appetite and risk capacity.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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