Monitoring new rules or legislation to assess their impact on business finances and administration is an example of evaluating regulatory risk. Regulatory risks stem from changes in laws, regulations, or policies that can directly affect how an organization operates, incurs costs, or meets compliance obligations. Proper regulatory risk management involves staying informed of legislative developments and aligning organizational strategies to mitigate potential impacts.
ASIS Certified Protection Professional (CPP®) References:
Regulatory Compliance Programs: CPP materials emphasize the importance of regulatory monitoring as part of enterprise security risk management (ESRM).
Risk Management Frameworks: CPP resources highlight the integration of regulatory risk assessment into broader business continuity planning.
Contribute your Thoughts:
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit