hard · FRM Part 1 Foundations of Risk Management
According to the GARP Code of Conduct, if a risk professional becomes aware of a significant conflict of interest, their primary responsibility is to:
- Ignore the conflict if it is unlikely to be discovered by regulators.
- Seek to profit from the conflict before disclosing it to the firm.
- Disclose the conflict to the appropriate parties and, if necessary, recuse themselves from the decision-making process.
- Immediately resign from their position to avoid any appearance of impropriety.
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More FRM Part 1 Foundations of Risk Management practice
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