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 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 any risk of any governmental or regulatory penalties, economical loss or loss of reputation which the Group or the Company may suffer as a result of failure to comply with or breach of its compliance obligations.

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 (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.

• 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 corresponds to the risk of legal, administrative or disciplinary sanctions or material financial losses, arising from failure to comply with the provisions governing the Company’s activities.

• 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.

More Definitions of Compliance risk

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;

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 conduct applicable to its activities or failure to comply with its own policies and procedures;

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 financial, legal, or reputational risk for NEFCO due to non-compliance by a Counterparty with any applicable policies, rules and international standards.

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 the risk of incurring judicial or administrative sanctions, incurring losses or reputational damages as a result of failure to observe laws, regulations and directly applicable European regulations or measures of the Supervisory Authorities or internal regulations (e.g. by- laws, codes of conduct or corporate governance codes, internal policies and corporate communication documents); compliance risk is also understood as the risk deriving from unfavourable amendments in the regulatory framework or case law decisions.

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