Part 4 - Legal risk Flashcards Preview

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Flashcards in Part 4 - Legal risk Deck (2)
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How is legal risk managed?

Change to law, practice & environment
Through in house counsel
documentation reviews
contracting with 3rd parties


What is legal risk?

Linked to operational and regulatory risks

Exposure to fines, penalties, punitive damages resulting from supervisory actions as well as private settlements