Risk Factors Update Summary
- Addition of regulatory risks related to evolving laws, regulations, and data privacy standards globally.
- Increased emphasis on the impact of cyber-attacks and information security incidents on operations and financial condition.
- Increased focus on ESG issues may lead to reputational damage due to misalignment in proxy voting.
- Enhanced focus on the potential negative effects of breaches in security measures, including cyber-attacks, on financial results.
- Transition risk from changes to a low-carbon economy could impact operations and assets.
- Introduction of liquidity risks associated with investment products and potential reputational damage from unfavorable prices.
- New legislation and regulatory requirements related to climate risk may adversely impact the company.
- Mention of the impact of rising interest rates on certain assets, liquidity, and earnings during 2022 and 2023.
- Inclusion of risks related to failures in internal controls, technological systems, and third-party vendors.
- Addition of risks associated with regulatory scrutiny, compliance costs, and potential financial and reputational damage.
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=73124&owner=exclude
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