July 14, 2020

“The consultancy reported that Wirecard’s third-party business lacked compliance policies and internal oversight. It warned that such shortcomings in control functions could lead to managers ‘cutting corners illicitly’ who want to meet internal targets.”

Financial Times
July 14, 2020

“All of these shortcomings had a ‘high probability of reputational, economic and legal risks.’”

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Reputation risk is the peril of behavioral economic harm from angry stakeholders.

For a broader view of reputation risk, discover additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here.

Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution.

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