09/04/2025
Legal risk management is a new way of thinking for many in-house legal teams. In the financial services industry, other departments and regulators now expect the Legal team to take part in formal risk management. Legal risk includes reputational damage, financial losses, and issues that affect business operations. This means the Legal team must go beyond their usual tasks to identify, manage, and reduce these risks.Legal risk includes risks related to laws, regulations, contracts, and non-contractual obligations....
In the financial services industry, other departments and regulators now expect the Legal team to take part in formal risk management.