NTRS: 10-K Risk Factor Changes

2024 vs 2023  ·  SEC EDGAR  ·  2026-06-01
Other years: 2026 vs 2025 · 2025 vs 2024
✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

2
New Risks
1
Removed
25
Modified
25
Unchanged
🟢 New in Current Filing We are highly dependent on information technology systems and networks, many of which are operated by third parties, and any failures of, or disruptions to, our or such third parties’ technological systems or networks could materially and adversely affect our business. 🔒
🟢 New in Current Filing We are subject to complex and evolving laws, regulations, rules, standards and contractual obligations regarding data privacy and security, which could increase the cost of doing business, compliance risks and potential liability. 🔒
🔴 No Match in Current Filing The transition away from LIBOR or changes in the method pursuant to which other interest rate benchmarks are determined could adversely impact our business and results of operations. 🔒
🟡 Modified Our dependence on technology, and the need to update frequently our technology infrastructure, exposes us to risks that also can result in losses. 🔒
🟡 Modified Changes in tax laws and interpretations and challenges to our tax positions may affect our earnings negatively. 🔒
🟡 Modified Our operations, businesses and clients could be materially adversely affected by the effects of climate change or concerns related thereto. 🔒
🟡 Modified Pandemics, natural disasters, global climate change, acts of terrorism, geopolitical tensions, and global conflicts may have a negative impact on our business and operations. 🔒
🟡 Modified Operational Risks 🔒
🟡 Modified Failure to comply with regulations and/or supervisory expectations can result in penalties and regulatory constraints that restrict our ability to grow or even conduct our business, or that reduce earnings. 🔒
🟡 Modified The systems and models we employ to analyze, monitor and mitigate risks, as well as for other business purposes, are inherently limited, may not be effective in all cases and, in any case, cannot eliminate all risks that we face. 🔒
🟡 Modified Credit Risks 🔒
🟡 Modified We may fail to set aside adequate reserves for, or otherwise underestimate our liability relating to, pending and threatened claims, with a negative effect on our earnings. 🔒
🟡 Modified If we are not able to attract, retain and motivate personnel, our business could be negatively affected. 🔒
🟡 Modified We may take actions to maintain client satisfaction that result in losses or reduced earnings. 🔒
🟡 Modified Regulatory and Legal Risks 🔒
🟡 Modified Market volatility and/or weak economic conditions can result in losses or the need for additional provisions for credit losses, both of which reduce our earnings. 🔒
🟡 Modified We may need to raise additional capital in the future, which may not be available to us or may only be available on unfavorable terms. 🔒
🟡 Modified Failure of any of our third-party vendors (or their vendors) to perform can result in losses. 🔒
🟡 Modified Changes in the monetary, trade and other policies of various regulatory authorities, central banks, governments and international agencies may reduce our earnings and affect our growth prospects negatively. 🔒
🟡 Modified Breaches of our security measures, including, but not limited to, those resulting from cyber-attacks or other information security incidents, may result in losses. 🔒
🟡 Modified Changes in a number of particular market conditions can affect our earnings negatively. 🔒
🟡 Modified Damage to our reputation could have a direct and negative effect on our ability to compete, grow and generate revenue. 🔒
🟡 Modified If we do not manage our liquidity effectively, our business could suffer. 🔒
🟡 Modified Other Risks 🔒
🟡 Modified The ultimate impact on us of regulatory divergence between the United Kingdom and the European Union remains uncertain. 🔒
🟡 Modified Liquidity Risks 🔒
🟡 Modified We are subject to extensive and evolving government regulation and supervision that impacts our operations. Changes by the U.S. and other governments to laws, regulations and policies applicable to the financial services industry may heighten the challenges we face and make regulatory compliance more difficult and costly. 🔒
🟡 Modified We may be impacted adversely by supervisory and/or regulatory enforcement matters. 🔒
28 changes in this historical filing

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