Why a proactive approach to risk management is so important
Karen Eckstein covers seven impacts arising from a claim against the firm, all of which have a cost that can be avoided by taking a proactive approach to risk management.
Firms have already put risk management processes and systems into place. However, mistakes can happen and claims can arise. The change in working practices caused by the COVID-19 crisis, with remote working happening at very short notice, has highlighted any weaknesses in the firm’s monitoring, supervision, processes and systems, as well as those of their staff.
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