Key Financial Risks and Their Implications PPT
This PPT slide, part of the 92-slide Unlock the Power of Operational Risk Management PowerPoint presentation, outlines significant risks associated with finance and risk management, focusing on 3 primary categories: wrongful external disclosure, deliberate wrongful external disclosure, and increased compliance burden. Each category includes a description of the risk, its drivers, implications for the business, and references to past external events.
For wrongful external disclosure, the drivers include governance, processes, and human capital. The implications highlight costs related to external staff, restitution to customers, and potential regulatory fines. Past events are cited to illustrate the real-world impact of such risks, referencing specific companies and incidents.
The second category, deliberate wrongful external disclosure, emphasizes the importance of ownership and accountability in governance. It also points to processes and incentive mechanisms as key drivers. Similar to the first category, the implications include financial burdens from external staff and restitution costs, alongside regulatory fines and legal liabilities. Notable past events are provided to reinforce the seriousness of this risk.
The final category, increased compliance burden, identifies human capital and external service providers as significant drivers. It notes the additional costs incurred from regulatory compliance, which can lead to overtime expenses and regulatory fines. The slide mentions that while this risk is often overlooked, it remains a concern for many clients, particularly in light of evolving regulations.
Overall, the slide serves as a comprehensive overview of critical risks in finance and risk management, emphasizing the need for robust governance and proactive risk mitigation strategies. It provides valuable insights for organizations looking to understand and address these challenges effectively.
This slide is part of the Unlock the Power of Operational Risk Management PowerPoint presentation.
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