In December 2022, the Guernsey Financial Services Commission (GFSC) published their new thematic review of Business Risk Assessments (BRAs).

Though the review was mostly positive, there are some important takeaways for the industry.

Senior Associate Quentin Bregg and Compliance Consultant Neil Black (Collas Crill Compliance) outline the findings of the review and offer practical industry advice on the areas identified as needing improvement.