"Journal of Payments Strategy & Systems goes beyond traditional periodicals and offers a strategic perspective on the payments landscape from all views. This is a focused, straightforward journal written by industry experts who live and breathe this business every day. This should be a key resource for anyone involved in this sector.”
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
