Reputational risk (the risk that arises when stakeholder expectations are not met) is unique in that it depends on an external assessment. As such, it originates from a wide variety of sources; it may derive from other risks (including social, economic or sectoral environment), and may end up negatively affecting current or future business relationships.
Reputational risk (the risk that arises when stakeholder expectations are not met) is unique in that it depends on an external assessment. As such, it originates from a wide variety of sources; it may derive from other risks (including social, economic or sectoral environment), and may end up negatively affecting current or future business relationships
The reputational risk management model is based on proactive prevention, identification and control of reputational risks to reduce the probability of their occurrence and mitigate their impact. The Bank has different tools at its disposal to achieve this objective:
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