provides general information on the frequency, severity, and characteristics of larger operational errors in the fund industry, outlines the various considerations that may come into play in assessing and resolving the issue of advisers’ legal and financial responsibility for such errors, and describes the role of costs of correction insurance in facilitating timely and efficient remediations by advisers of larger operational errors for which they bear legal responsibility.
File Type:
pdf
File Size:
360 KB
Categories:
Operational Risks