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FCA/PRA Dear Chief Risk Officer letter sets out good practices for delivery versus payment clients

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Published on: 02 June 2021
Published by LNB News

LNB News 02/06/2021

Document Information

Issue Date: 02 June 2021

Published Date: 02 June 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have sent a joint Dear Chief Risk Officer letter to firms, sharing their observations on good practices related to monitoring and mitigating counterparty credit risks in relation to delivery versus payment (DvP) clients, which they encourage firms to incorporate within their control framework.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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