Leveraging RegTech to Eliminate Conduct Risk Blind Spots
Without the ability to centrally manage conduct risk data, even leading firms that pride themselves on promoting cultures of compliance can easily overlook misconduct that could have been curtailed.
March 07, 2018 at 08:00 AM
5 minute read
Conduct risk is a form of business risk that refers to potential misconduct of individuals associated with a firm, including employees, third-party vendors, customers or agents interacting with the firm.
Conduct risk is typically associated with human misbehavior, unlike many other forms of business risk, such as a major network outage caused by systemic failure. Conduct risk poses a growing threat to companies across industries and jurisdictions because regulators are increasingly holding senior managers accountable for the actions of individuals associated with a firm.
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