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Financial Services Authority

The FSA is the regulatory authority for the financial services industry in the UK. Its website at
http://www.fsa.gov.uk contains all the public documents produced by the FSA, including consultation papers and the texts of speeches as well as the currently applicable Handbook of rules and guidance.

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HM Customs and Excise

Somewhat unexpectedly, some of the most interesting and useful work on spreadsheet errors and auditing is currently coming out of HM Customs and Excise. They have developed some software (SpACE) that they are now making available to businesses. Of particular interest is their document on Methodology for the
Audit of Spreadsheet Models
.

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PS140: The Interim Prudential sourcebooks for Insurers and Friendly Societies and the Lloyd’s sourcebook: Guidance on Systems and controls – Feedback on CP140 and ‘made’ text

Policy statement 140 from the FSA sets out guidance on •high-level controls; • risk assessment; • legal risk; • internal audit; • management information; • outsourcing; and • group risk. This guidance was issued in December 2002 and is available at http://www.fsa.gov.uk/Pages/Library/Policy/Policy/2002/ps140.shtml. It takes effect from 1st February 2003.

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PS142_2: Building a framework for operational risk management: the FSA’s observations – Feedback on industry practice as we prepare to implement CP142

This Policy statement reports on the main issues arising from Consultation paper 142 (‘Operational risk systems and controls’) published in July 2002. It can be found at http://www.fsa.gov.uk/Pages/Library/Policy/Policy/2003/PS142_2.shtml.

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RAMP

The Institution of Civil Engineers and the Faculty and Institute of Actuaries have produced a process for risk analysis and management for projects known as RAMP. Its website is at http://www.ramprisk.com/. A simplified version of the process is described at http://www.actuaries.org.uk/Display_Page.cgi?url=/ramp/index.xml.

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Software Engineering: A Practioner’s Approach, European Adaptation

By Roger S Pressman, adapted by Daniel Ince. A comprehensive guide. Visit the book’s page at Amazon.

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Current consultations at the FSA

The FSA maintain a list of current consultation and discussion papers at http://www.fsa.gov.uk/pages/Library/Policy/CP/current/index.shtml.

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PS142: Operational risk systems and controls – Feedback on CP142

This Policy statement reports on the main issues arising from Consultation paper 142 (‘Operational risk systems and controls’) published in July 2002. It can be found at http://www.fsa.gov.uk/Pages/Library/Policy/Policy/2003/ps142.shtml.

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Risk Management, by Andrew Holmes

A book in the ExpressExec series. It gives a brief overview of several
aspects of risk management, rather less biased towards banking than many other books (and also much shorter). It covers a somewhat eclectic range of topics, and has a useful list of resources. Visit
its page at Amazon.

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Software Project Management

By Bob Hughes and Mike Cotterell. Visit the book’s page at Amazon.