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Risk management is a genuinely wide and complex subject.
The danger would drastically vary depending on the region and type of business. While financial crime and conduct risk are two major hazards that the banking and financial services industry as a whole must contend with, there are other industry verticals where some of these risk components are taking on a profoundly significant role.
Regardless of the type of industry being discussed, these risk categories demand fairly similar thinking, as we can see. In the core of our approach, we regard risks like operational, reputational, and conduct as being somewhat industry-agnostic, but we do not aim to downplay the significance of the peculiarities experienced by the specific industry players. Our goal has been to comprehend how established players in a certain industry handle things and apply those lessons to situations that would benefit substantially from them.