The Committee of European Banking Supervisors (CEBS) has published a consultation paper containing draft guidelines on the management of operational risk in market-related activities.
The draft guidelines are divided into three different parts, addressing the management of operational risk in market-related activities from three different angles:
- Governance mechanisms - principles 1-5.
- Internal controls - principles 6-15.
- Internal reporting systems - principles 16-17.
The deadline for comments on the consultation paper is 31 March 2010. A public hearing will be held on 9 March 2010 at the CEBS premises in London.