IIA provides feedback on FSB's proposed guidance.

Position:News - Institute of Internal Auditors - Financial Stability Board - Brief article

The IIA recently provided feedback on the Financial Stability Board's (FSB's) Guidance on Supervisory Interaction with Financial Institutions on Risk Culture Consultative Document.

The IIA agrees with the concept of increasing the intensity and effectiveness of supervision for the promotion of a sound risk culture within financial institutions. Although the Consultative Document offers high-level, principle-based guidance with enough detail to provide management direction, there are opportunities for further advancement, such as:

* Emphasizing an environment of risk...

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