Risk management directly influences the chance of success or failure of a company. For example, the financial crises and the rapidly changing market conditions have severely impacted financial institutions ability to prosper.
This crisis has shown the importance of an accurate assessment of internal and external risks. Risk management affects all employees, not just the risk manager or the compliance officer. Risk assessment should lead to timely and effective actions to mitigate risks. Successful risk management is anything but static, does not fit into a cube and is never finished. We call this adaptive risk management.
Clear Conduct helps companies to manage risks in this quickly changing environment. For example we support financial institutions in making careful considerations around treating customers fairly and the product review and approval process.