93. The standards implemented should aim to enhance the institution’s robust governance …

The standards implemented should aim to enhance the institution’s robust governance arrangements and reduceing the risk to which the investment firm is exposed, in particular operational and reputational risks, which can have a considerable adverse impact on an investment firm ’s profitability and sustainability through fines, litigation costs , restrictions imposed by competent authorities, other financial and criminal penalties, and the loss of brand value and consumer confidence.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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