Case Study on a Potential Application of Failure Mode and Effects Analysis in Assessing Compliance Risks

Assessing and reducing compliance risks can now be considered one of the core criteria for business success. While failure mode and effect analysis (FMEA) is widely used in engineering, its application in the financial sector is quite novel, primarily related to compliance risk assessment. This pape...

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Bibliographic Details
Main Authors: Ferenc Bognár, Petra Benedek
Format: Article
Language:English
Published: MDPI AG 2021-09-01
Series:Risks
Subjects:
Online Access:https://www.mdpi.com/2227-9091/9/9/164