"Airports are complex businesses and the demands they face – from meeting targets for growth while ensuring environmental compliance; from safety and security to keeping consumers satisfied – are becoming increasingly complex. Journal of Airport Management will brief you with some of the most insightful new thinking and latest best practice to help your airport stay ahead of the competition."
Using Compliance Risk Assessment Programmes
Abstract: A Compliance Risk Assessment (CRA) programme can be a meaningful and genuinely beneficial risk identification and management tool. Paul V. May Chief Compliance Officer at ABN AMRO Securities (USA) and Stephanie Nicolas partner in WilmerHale LLC outline key elements and practical considerations for conducting a CRA. By better identifying compliance risks and managing the drivers of these risks and behaviour, a CRA not only helps firms to reduce the occurrence of conduct events, but also enhances the way that firms do business.
Keywords: compliance risk assessment, conduct risk, risk assessment, inherent risk, residual risk
