Risk management
MIR 2.5.16
In assessing a Recognised Body's systems and controls for assessing and managing risk, the Regulator may also have regard to the extent to which these systems and controls enable the Recognised Body to:
(a) identify, measure and control all the general, operational, legal and market risks wherever they arise in its activities;(b) allocate responsibility for risk management to Persons with appropriate knowledge and expertise; and(c) provide sufficient, reliable information to Key Individuals and, where relevant, the Governing Body of the Recognised Body.