Consequences are the possible harm resulting from a risk event occurring including loss, injury, or other adverse or unwelcome circumstance.
The use of Level 1 consequences is just a convenient grouping.
|Level 1 Consequences||Level 2 Consequences|
|Reduced access to staff / skills|
|Loss of suppliers|
|Poor conduct / integrity|
|Damaged regulator relations|
|Financial||Theft of money|
|increased costs / inefficiency|
|Damaged investor relations|