Читать книгу Non-financial Risk Management in the Financial Industry - Группа авторов - Страница 26

Non-financial risk contains the following risk types:

Operational risk:

 Financial crime risk

 Conduct risk

 Regulatory compliance risk

 Fraud risk

 Information, communication & technology (ICT) and cyber risk

 Data privacy and bank secrecy risk

 Resilience risk

 Outsourcing & vendor risk

 Tax reporting risk

 Other operational risk

Strategic risk:

 Reputational risk

 Sustainability risk

 Business risk

In the following section, we will provide definitions of the individual types of non-financial risks. If available, we provide an overview and comparison of definitions of the risk types as used by the different regulatory bodies or global associations.

We focus on the BCBS for global definitions. Concerning European regulators, we mainly cover the EBA, European Central Bank, the UK Prudential Regulation Authority (PRA) and the UK Financial Conduct Authority (FCA). Concerning North American regulators, we focus on the FED, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). Concerning Asian-Pacific regulators, we mainly cover the Monetary Authority of Singapore (MAS), the Hong Kong Monetary Authority (HKMA) and the APRA.