easy · 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:

1. Ignore the conflict entirely, provided that it is unlikely to ever be noticed or discovered by regulators.
2. Seek to personally profit from the conflict of interest before ever formally disclosing it to the firm at all.
3. Disclose the conflict to the appropriate parties and, if necessary, recuse themselves from the decision-making process.
4. Immediately resign from their position outright, in order to avoid any appearance of impropriety whatsoever to clients or staff.

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