Difference between revisions of "Compliance Risk"
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== Definition == | == Definition == | ||
| − | '''Compliance Risk''' is the [[Risk]] of legal or regulatory sanctions, material financial loss, or loss to reputation an entity may suffer as a result of its failure to comply with laws, regulations, rules, related self-regulatory organisation standards, and codes of conduct applicable to its business activities. | + | '''Compliance Risk''' is the [[Risk]] of legal or regulatory sanctions, material financial loss, or loss to reputation an entity may suffer as a result of its failure to comply with laws, regulations, rules, related self-regulatory organisation standards, and codes of conduct applicable to its business activities.<ref>[[BCBS 113]], Compliance and the compliance function in banks</ref> |
== See Also == | == See Also == | ||
* [[Legal Risk]] | * [[Legal Risk]] | ||
* [[Regulatory Compliance]] | * [[Regulatory Compliance]] | ||
| + | |||
| + | == References == | ||
| + | <references/> | ||
[[Category:Regulatory Compliance]] | [[Category:Regulatory Compliance]] | ||
Latest revision as of 14:35, 4 October 2021
Definition
Compliance Risk is the Risk of legal or regulatory sanctions, material financial loss, or loss to reputation an entity may suffer as a result of its failure to comply with laws, regulations, rules, related self-regulatory organisation standards, and codes of conduct applicable to its business activities.[1]
