INMA S1.3.9 Strategic risk
(1) Strategic risk is the risk of loss resulting from the pursuit of an unsuccessful business plan. Strategic risk might arise from making poor business decisions, from the substandard execution of decisions, from inadequate resource allocation, or from a failure to respond well to changes in the business environment.
(2) An INMA firm’s risk management policy should include processes and procedures for identifying, assessing, managing and mitigating strategic risk.
|Derived from QFCRA RM/2014-4 (as from 1st January 2015).|