The FSA has confirmed it will maintain a non-prescriptive approach to regulating insurers' business continuity arrangements.
The FSA said the feedback received on CP142:Operational risk systems and controls means there will be no significant changes to its original proposals.
The regulator added its review found the best prepared firms have established a senior-level commitment to the management of operational risk.
Clive Briault, FSA director of prudential standards said: "Operational risk remains at an early stage of development, and although some firms have made substantial progress, many still need to think carefully about how to prepare for the FSA's new approach.
"The industry has told us that an analysis of current practice would help firms to develop their plans. Today's publication aims to meet this need as well as making a contribution to the wider debate about operational risk management practices."
