Legal risk: Difference between revisions
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imported>Doug Williamson (Expand. Source: ICM material p17.6.) |
imported>Doug Williamson (Links ordering.) |
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== See also == | == See also == | ||
* [[Guide to risk management]] | |||
* [[Market risk]] | * [[Market risk]] | ||
* [[Operational risk]] | * [[Operational risk]] | ||
* [[Risk]] | * [[Risk]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Financial_risk_management]] | [[Category:Financial_risk_management]] | ||
Latest revision as of 12:14, 3 April 2022
1.
The risk that transactions or business relationships may have unforeseen adverse legal consequences.
For example, giving rise to additional costs or to the inability to enforce legal rights.
2.
The risk that the administration of legal matters may be more costly - or otherwise more burdensome - than foreseen.
Legal risk may arise from existing laws and practice, or from changes in relevant laws and practice.
Legal risk may arise in relation to:
- Employees
- Suppliers
- Customers
- Third parties
