Our risk-based approach to regulation focuses on those areas which present the most significant risk to our regulatory objectives. To counter risk, we:

• Maintain constructive relationships with our authorised firms, including their directors and senior management, who bear the primary responsibility for meeting their firms’ prudential and compliance responsibilities;
• Engage with other regulators to ensure that international efforts at supervision and regulation are coordinated and coherent and to avoid unnecessary duplication;
• Monitor enhancements to the international supervisory standards laid down by the Basel Committee; the International Association of Insurance Supervisors; and the International Organization of Securities Commissions;
• Conduct periodic risk assessments of firms using methodology drawn from our extensive international supervisory experience;
• and initiate several thematic reviews, in addition to ongoing supervisory coverage of individual firms.