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Acin wins Risk.net’s OpRisk Innovation of the Year, for second year in a row
A risk event with financial impact, either positive or negative. In non-financial risk management (NFRM), a loss event could either have a real or potential financial impact on an organization. The impact of the event does not necessarily need to be negative in the event recorded, if it could have a negative impact if it happened again. For example, a “fat finger” trading event that results in a gain could also result in a loss if it is repeated. See Risk Event.