Building an effective compliance risk assessment programme for a financial institution

Stephanie Nicolas and Paul V. May

Journal of Securities Operations & Custody, 2017, vol. 9, issue 3, 215-224

Abstract: A Compliance Risk Assessment programme can be a meaningful, utilitarian and genuinely beneficial risk identification and management tool. This paper outlines some key elements and practical considerations for conducting a CRA. By better identifying compliance risks and managing the drivers of these risks and behaviour, a CRA not only helps firms to reduce the occurrence of conduct events, but also enhances the way that firms do business.

Keywords: compliance risk assessment(s); compliance assessment(s); conduct risk; risk assessment(s); inherent risk(s); residual risk(s) (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2017:v:9:i:3:p:215-224

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