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.

• OCR appreciates the University’s cooperation during the investigation and resolution of this complaint.

• 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 (including legal and tax risks) corresponds to the risk of legal, administrative or disciplinary sanction, or of material financial losses, arising from failure to comply with the provisions governing the Company’s activities.

More Definitions of Compliance risk

Compliance risk or “Risk”’ means a risk resulting from any Misconduct.

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 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 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 prospective or actual risk which SAICA is exposed to as a result of non-adherence and/or the inefficient and ineffectiveness of the procedures implemented by SAICA to ensure compliance to relevant statutory, regulatory, supervisory requirements, key internal and external stakeholder’s expectations and the society as a whole;

Compliance risk means any legal risk, supervisory or other official sanctions, significant financial loss, or reputational damage that may arise as a result of non-compliance with the legislation applicable to the financial institution, as well as other non- legislative acts and regulations and internal regulations.

Compliance risk means the risk of legal or regulatory sanctions, material financial loss, or loss to reputation a FI may suffer as a result of its failure to comply with laws, regulations, rules, related self-regulatory organization standards, and codes of conduct applicable to its banking activities (BIS).