The Financial Services Authority has published a guidance consultation which sets out the FSA’s expectations of non-executive directors in delivering the appropriate management of retail conduct risk within firms.

The Basel Committee on Banking Supervision has released a consultative document which provides proposed guidance for assessing the effectiveness of the internal audit function in banks and replaces the 2001 document entitled "Internal Audit in Banks and the Supervisor’s Relationship with Audito

The paper provides guidance on the incremental risk capital charge modelling approaches employed by credit institutions using the Internal Model Approach for the calculation of the required capital for specific interest risk in the trading book.

The Australian Securities and Investments Commission's ("ASIC") assessment of the Australian Stock Exchange ("ASX") Group Licensees was used to broadly understand the operational changes that the ASX has made as a result of the transfer of market supervision to ASIC on 1 Aug