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The BSA Team
We agree that exposures to related parties must be effectively monitored; that appropriate steps should be taken to control or mitigate the risks; and that write-offs of such exposures should be made according to standard policies and processes. We therefore support the proposals but suggest they are less prescriptive in places.
Our response to the FSA QCP no 34 (CP 12/ 27) - chapter 4
FSA QCP no 34 (CP 12/ 27) - chapter 4
BSA policy brief on large exposures (members and associates only)