Many organizations are realizing the critical need to quantify Non-Financial Risk (NFR) and contextualize Financial Risk, recognizing the challenges posed by their interplay. Identifying and assessing risks against risk appetite lays the foundation for effective risk management. But managing NFR involves implementing comprehensive risk management frameworks, and internal controls, ensuring compliance with regulations, making technology investments, and planning for employee development to safeguard the institution's operations and reputation. In parallel, quantifying NFR enables a thorough evaluation of potential risk exposure and the prioritization of risks for more insightful analyses. As regulatory expectations increase, contextualization becomes increasingly vital, enhancing the effectiveness of boards overseeing financial institutions. Most importantly, the emphasis on integrating both NFR and FR insights to make more informed decisions, combining quantitative and qualitative approaches for a holistic understanding of risks cannot be overemphasized. This comprehensive approach aims to achieve better outcomes and effective risk management for financial institutions. Download this presentation by Daniël Smidts, where he shares the significance of contextualizing Financial Risk management, considering the dynamic regulatory landscape and the need for an integrated view of risks and opportunities. https://corporater.com/en/corporater-financial-services-software/?cmc=NFR_SD_SL&utm_source=social&utm_medium=NFR_SD_SL