FSA updates of Risk Tolerance document

The Isle of Man Financial Services Authority has published an updated version of its Enterprise Risk Tolerance Statement.

The Statement explains the degree of risk the Authority is, and is not, willing to accept.

It sets out how the Authority identifies and manages different categories of internal, external and supervisory risk to ensure its resources are focused where they are needed most.

The Authority’s risk tolerance is reviewed annually and the published Statement reflects changes made to the document issued in November 2020.