INMA S1.3.3 Economic and political risk
(1) Economic and political risk is the risk of loss resulting from factors such as the following:
(a) macroeconomic policy, government regulation and social policy;
(b) events related to political instability.
(2) An INMA firm’s risk management policy should include a process for identifying and assessing how political and economic factors might affect its business and its ability to meet its liabilities as they fall due, and procedures for managing and mitigating that risk.
|Derived from QFCRA RM/2014-4 (as from 1st January 2015).|