Business Risk Assessment

Businesses must ensure that they have an adequate Business Risk Assessment (“BRA”) which is approved by their Board initially and is then subject to on-going review on at least an annual basis. BRAs must specifically identify the risks posed by the Financial Services Businesses’ customer base and the products and services offered to ensure that this is in-line with overall risk appetite.

Redwood can provide an independent review of a BRA to ascertain whether this meets with the regulatory requirements and we can also assist with the submission of a draft BRA for new license or registrations in accordance with the regulatory requirements.