The risk register is intended to share the experience and observations of the FMSB working group for market practitioners to use when conducting their own risk assessments as they navigate the wide range of risks resulting from the new operating environment.
The response to the pandemic and the need for remote working remains fluid and varies by jurisdiction. Firms have applied different approaches to remote working, leveraged new technologies and tools and many are likely to adopt a staggered return to the office environment. This risk matrix should be useful as firms seek to take stock of the situation and plan how they may wish to adapt their governance and control arrangements as requirements for remote working continue to evolve. Furthermore, it can also be used as a tool that senior managers can draw upon when considering how the pandemic and continued remote working arrangements could impact their role and approach to discharging their regulatory responsibilities.
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