7 Reputational risk
If risks are not identified, adequately managed and monitored, this can lead not only to substantial financial losses, but also to reputational damage. The LLB Group does not regard reputational risk as an independent risk category, but rather as the danger of additional losses stemming from the categories concerned. Consequently, a reputational risk can both cause losses in all risk categories, such as market or credit risks, or be caused by such losses.
Reputational risks are regularly reviewed by the Group Audit & Risk Committee and by the Group Board of Directors.