Risk Factors Update Summary
- Added "networks" to security incidents, including cyber-attacks, increasing vulnerability. This change may lead to heightened cybersecurity risks.
- Decrease in BlackRock revenue contribution from 12% to 10% in 2022 and 10% to 9% in 2023. This may impact financial stability.
- Introduction of AI solutions may lead to competitive harm and legal liability. Incorporating AI may affect business operations and competitiveness.
- Increased scrutiny on benchmarks and ESG ratings by regulators and politicians. Scrutiny may impact business operations and reputation.
- Potential impact of Brexit on business operations and financial condition. Uncertainties related to Brexit could increase costs and affect business operations.
- Transition from LIBOR to SOFR may result in increased interest rate risk. Change in reference rates could impact debt service obligations.
- Potential adverse tax consequences due to changes in tax laws and regulations. Changes may increase compliance costs and tax liabilities.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1408198&owner=exclude
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