INMA S1.2.2 Reputational risk

(1) Reputational risk is the risk of loss resulting from damage to a firm’s good reputation.
(2) An INMA firm’s risk management policy should include processes and procedures for identifying, assessing, managing and mitigating reputational risk. The policy should include:
(a) processes for identifying events that might lead to reputational damage, the likelihood of those events occurring, and their consequences; and
(b) procedures for handling such events, and for mitigating reputational damage.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).