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How A Risk Assessment Can Prevent Reputation Risk While Optimizing Compliance Cost Structure

October 11, 2017

How A Risk Assessment Can Prevent Reputation Risk While Optimizing Compliance Cost Structure

The compliance Risk Assessment outlines company risk exposures, the compliance program framework, an overview of the culture of compliance, and also demonstrates the residual risk exposure remaining to the firm assuming effective execution of the compliance program. No compliance program can 100% eliminate all risk exposures. This Risk Assessment is intended to be a tool to prevent “Material Compliance Matters.” Material Compliance Matters are defined to include any incident that results in significant reputation risk or leads to a regulatory risk.

  • By David Rowen  0 Comments   

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