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BSB publishes fit and proper guidance

The Banking Standards Board has published some supporting guidance to its principles on fitness and propriety assessments.  It focuses on helping firms identify and deal with the risks and issues that may arise when they are carrying out the fit and proper assessment of their certified staff.

The guidance addresses establishing pass/fail criteria and evidencing the fit and proper assessment. It gives some illustrative examples of challenges firms may come upon and how they might address them.

Emma Radmore