Risk Management

Companies not only lose money and reputation through primary business risks. Risks in areas such as customers, suppliers and counterparties are often underestimated. The recording, assessment, management and control of operational risks is therefore an important aspect in companies. As a consequence, measures must be implemented to permanently manage the operational risk. 

Reducing the operational risk has a direct influence on the operating result, the reputation and rating of a company and thus also on the conditions under which debt capital is procured. Known risks tie up additional equity in the company balance sheet. Unknown risks, such as compliance risks, can become a threat to a company's existence. 

In addition to economic risks (e.g. changes in taxation, the legal situation, the economy, etc.), on which companies have virtually no influence or which are forced upon them, there are a number of company-related risks, which in turn are subdivided into business risks (credit, product, market and liquidity risks) and operational risks. These risks are recorded, evaluated and monitored by means of an internal control system.

We ensure that all operational risk control activities comply with the requirements and obligations imposed by regulators and legislators. These activities are therefore coordinated with the Risk Controlling, Compliance and Internal Audit departments in the company.