non financial risk
Non-financial risks are not physical risks, but company-specific core assets.
Non-financial risks are not physical risks, but company-specific core assets.
Financial service providers are less likely to be in crisis due to the incorrect measurement and control of the largely standardized financial risks, but are endangered by the non financial risks (NFR) in their market position and in their profitability. The change in business models and value chains is increasing this pressure. Based on the specificity of these risks, it is important to have your own Position to define before using complex external specifications in inappropriate solutions
is "forced".
Inadequate management of non financial risks can jeopardise the profitability of financial institutions. The change in business models and value chains is increasing this pressure. Based on the specificity of these risks, it is important to define your own position before you are "forced" into inappropriate solutions with complex external specifications.
Non financial risks are now not only on the agenda of supervision for large institutions, but also for LSI, e.B the handling of reputational and cyber risks.
With the introduction of the CSRD, a merging integrative reporting system is becoming increasingly important. Elements such as description of the strategy, business model, resilience and impact of the activities are made transparent.