"Congrats on Journal of Brand Strategy. From the outset I liked the focus on real problems and real solutions. I especially like the case study section, there are so few outlets for this article type and it can be so useful."
Using Compliance Risk Assessment Programmes
Abstract: A Compliance Risk Assessment (CRA) programme can be a meaningful and genuinely beneficial risk identification and management tool. Paul V. May Chief Compliance Officer at ABN AMRO Securities (USA) and Stephanie Nicolas partner in WilmerHale LLC outline 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, conduct risk, risk assessment, inherent risk, residual risk
