Financial risks / impact on KPIs
Launch of new products may lead to an increase in assets that are exposed to credit and market risks, which will adversely affect capital adequacy.
At the same time, product diversification opens up opportunities for managing interest-rate and liquidity risks, while also mitigating the concentration risk.
Non-financial risks /impact on KPIs
Moving to new technology applied to optimise the existing technologies and processes, as well as launching new products may lead to:
- higher operational risks due to new products and processes being embedded into the existing infrastructure;
- increased HR risks associated with the inability of existing personnel to fully meet the requirements of new technologies and new business processes;
- the current system of controls being rendered ineffective, disrupting the operation of Moscow Exchange’s key systems and processes;
- development of new products increases outer exposure of the company’s IT infrastructure, which increases the risk of interferences with the Exchange’s systems and determines new challeges to insure cybersecority of the company.