Читать книгу Non-financial Risk Management in the Financial Industry - Группа авторов - Страница 70

According to the UK Institute of Risk Management (IRM), competition law is designed to protect businesses and consumers from anti-competitive behaviour in order to deliver open, dynamic markets and enhanced productivity, innovation and value. If competition law is breached, organisations can find themselves facing financial penalties, prison and fines, disqualification of directors and severe reputational damage.[104] Based on this, we define competition law risk as the risk of losses to a company from violations to the respective competition law.