We’re pleased to share our latest FBC research report: ‘How Do Fund Boards Navigate Operational Risks?’, which explores how fund boards are responding to evolving regulatory expectations, technological change, and the increasing complexity of operational oversight.
Drawing on survey responses and interviews with directors and senior managers across UK ACD fund boards, the report examines key themes including:
- The role of fund boards compared to other governance forums
- Oversight of intra-group and third-party service providers
- Resilience planning around Important Business Services
- Board engagement with emerging technologies, including AI
- Lessons learned from recent and potential operational risk events
In addition to outlining the research findings, this report also includes a number of key recommendations of best practice for firms to consider.
Members of FBC can view the report in the Member Portal.
We are very grateful to all those who took part in the survey and interviews – your insights have been invaluable in shaping this research.