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What is Appropriate systems

The tools and procedures that a firm has in place to manage the risks it faces in operating. The Accord attempts to ensure that these systems are appropriately designed to deal with the risks faced by the institution or group.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-05-08 13:20:13

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