March 27, 2023
Acin named as finalist for RegTech Partner of the Year at the British Banking Awards 2023
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.