Conduct Risk framework: Industry trends and challenges

Source
Management Solutions

Financial institutions have become quite advanced in dealing with classical risks, controlling losses and protecting their balance sheet. But contrary to any of the classical risks, Conduct Risk forces a complete change in paradigm, since it requires financial institutions to put themselves in the shoes of their customers or stakeholders, and protect their customers ? balance sheets (in some cases against the financial institution’s own short term interests). Financial institutions now need to concentrate on protecting their indirect assets, i.e. their customers.

Length of Resource
40
Author
Alberto Rilo, Juan G. Cascales, Raúl García de Blas, Rafael Poza
Date Published
Publication Type
Article
Resource Type
Commercial

ResourceID: 177818

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