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.

View CEBS publishes draft guidelines on the management of operational risk in market-related activities, 21 December 2009