Reputational Risk: Who Gives a Damn ‘Bout a Bad Reputation?
Report Summary
Reputational Risk: Who Gives a Damn ‘Bout a Bad Reputation?
Reputational risk management is widely considered to be the responsibility and key function of compliance departments.
Boston, February 14, 2018 – Whether a firm is a family-run asset management shop in an emerging market or the largest global systematically important financial institution, its reputation can mean the difference between continued growth in business operations and client drought or ultimate bankruptcy. Few businesses of any type can remain unconcerned with the effects of reputational risk, but reputational considerations play a uniquely important role for firms operating in the financial sector.
This report discusses the importance of reputational protection for financial firms as well as the major methodologies used in reputational risk management across firms of different types, geographic locations, regulatory regimes, and asset sizes. It is based on six in-depth qualitative interviews with senior-level compliance executives at different institutions during Q1 2017 as well as the quantitative Global Compliance Survey executed by Nasdaq and Aite Group in 2015, 2016, and 2017.
This 20-page Impact Note contains seven figures. Clients of Aite Group’s Institutional Securities & Investments service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions Barclays, BNP Paribas, J.P. Morgan, Nasdaq, SAC Capital Advisors, Societe Generale, and UBS.