NON-FINANCIAL RISK: AGILITY IN TIMES OF UNCERTAINTY
NON-FINANCIAL RISK :
AGILITY IN TIMES OF UNCERTAINTY
- Steve Watts, Alfie Lindsey and Tom Leach
Published: 10 July 2020
Financial regulators are increasingly demanding that boards of directors have a raised level of awareness of the non-financial risk1 (NFR) their firms are facing, along with the effectiveness of the mitigating controls they have put in place. In the everchanging highway of regulatory compliance, companies across all industries continue to face different emerging risks.
The ongoing coronavirus pandemic has undoubtedly put more pressure on the risk frameworks and processes of financial services which will inevitably increase their exposure to emerging risks. In this paper, we’ll be sharing our perspective on the importance of effectively managing the challenges related to NFR in these unprecedented times.