FCA Authorisation Business Risk Workshop Explainer

When applying for UK FCA regulatory approval, it is always important to identify and determine the strategic business risks, where they arise, and what mitigation factors we employ to manage, reduce, transfer or eradicate them. Strategic risk refers to the internal and external events that may make it difficult, or even impossible, for an organisation to achieve their objectives and strategic goals. These risks can have severe consequences that impact organisations in the long-term. If you have a business without risks, you don’t have a business at all.