
50 Operational Risk Control
For many instances, therefore, legal risk is now the means for solving fairly
significant difference in legislation and regulation prevailing in different countries
where a financial institution and its counterparties operate. What many people and
companies fail to appreciate is that legal risk often amplifies other risks. The principle
with litigation is that unless you are getting into it with thorough knowledge of the
law and your eyes wide open, it is not the right process for you.
The goal this chapter has set itself is to demonstrate how in the modern, global
economy legal risk has taken on a totally different dimension ...