The FEE publication provides a review of current best practice amongst companies in risk management and internal control, a review of recent regulatory developments in the US and EU in response to the recent financial scandals; and a survey of regulatory requirements on risk management and internal control in EU member states.
The paper sets out various proposals as to how European regulators can build on what the best companies are already doing. In FEEâs view, there is a need to promote discussion involving investors, business and regulators to inform the development of thinking across the EU on risk management and internal control.