Compliance risk definition

Compliance risk means the risk of incurring judicial or administrative sanctions, losses or reputational damage as a result of the failure to observe laws, regulations and directly applicable European regulations or rulings of Supervisory Authorities, or self-regulation (e.g. by-laws, codes of conduct, self-governance codes, internal policies and corporate communications); compliance risk is also considered the risk arising from unfavourable changes in the regulatory framework or case law orientation.
Compliance risk means any risk of any governmental or regulatory penalties, economical loss or loss of reputation which the Group or any of its members may suffer as a result of failure to comply with or breach of its compliance obligations.
Compliance risk means the risk of imposition of measures and fines and the risk of substantial financial loss or loss of reputation to be suffered by a credit institution due to failure to comply with regulations, standards, codes and internal bylaws;

Examples of Compliance risk in a sentence

  • Compliance risk is the risk of failure to comply with all applicable legal and regulatory requirements and industry standards and the corresponding impact on the Company’s business, reputation and financial condition.

  • Compliance risk management While the executive officer of INV concurrently serves as the representative director at the Asset Manager, two supervisory directors (an attorney and a certified public account) oversee the execution of the executive officer’s duties via the Board of Directors of INV.

  • Compliance risk is the risk of financial loss, including fines and other penalties, which arises from non-compliance with laws and regulations of the state.

  • Compliance risk is the risk of financial loss, including fines and other penalties, which arises from non- compliance with laws and regulations of the state.

  • Compliance risk management should be an integral part of the culture and risk governance framework of the Bank.


More Definitions of Compliance risk

Compliance risk or “Risk”’ means a risk resulting from any Misconduct.
Compliance risk any risk arising from a Service Provider’s violations of laws, rules, or regulations, or from noncompliance with EVERTEC’s internal policies or procedures. The strategic risk assessment process supporting the outsourcing decision should be implemented in conjunction with other risk management processes in place at EVERTEC, including, but not limited to strategic planning, new product development and project management policies and procedures.
Compliance risk means risk of integrity and other reputational risks due to non-compliance by a Counterparty with any applicable laws and regulations, policies, rules and international standards.
Compliance risk means a risk arising upon a financial institution’s failure to comply with laws, regulation, rules, or failure to comply with the code of con- duct applicable to its activities or failure to comply with its own policies and procedures;
Compliance risk means the risk of undertaking legal responsibility, supervisory punishment, financial losses or reputation losses as a result of non-compliance by the insurance company or any of its employees and marketing staff.
Compliance risk means risk of legal or regulatory sanctions, financial loss, or loss to reputation the Company may suffer as a result of its failure to comply with all applicable regulations, codes of conduct and good practice standards
Compliance risk means the legal and regulatory risk arising from non- compliance to legal and regulatory requirements; and