Definition
Riskwashing is neologism and portmanteu word that has been used recently to characterise Risk Management pathodologies[1], [2]
In analogy with the old term Whitewashing and the more recent Greenwashing, Riskwashing is meant to suggest that an entity or entities intentionally engage in practices that obscure risks or risk factors that affect them or others, typically to avoid the implications of such recognition.
References
- ↑ Sustainability Improvement Loans: a risk-based approach to changing capital requirements in favour of sustainability outcomes, Jakob Thomä, Ben Caldecott, Soline Ralite
- ↑ Governing Fintech and Fintech as Governance: The Regulatory Sandbox, Riskwashing, and Disruptive Social Classification, Eric Brown & Dóra Piroska
