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.
🟢 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.
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🟢 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.
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🔴 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.
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🟡 Modified
Our dependence on technology, and the need to update frequently our technology infrastructure, exposes us to risks that also can result in losses.
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🟡 Modified
Changes in tax laws and interpretations and challenges to our tax positions may affect our earnings negatively.
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🟡 Modified
Our operations, businesses and clients could be materially adversely affected by the effects of climate change or concerns related thereto.
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🟡 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.
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🟡 Modified
Operational Risks
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🟡 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.
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🟡 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.
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🟡 Modified
Credit Risks
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🟡 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.
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🟡 Modified
If we are not able to attract, retain and motivate personnel, our business could be negatively affected.
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🟡 Modified
We may take actions to maintain client satisfaction that result in losses or reduced earnings.
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🟡 Modified
Regulatory and Legal Risks
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🟡 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.
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🟡 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.
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🟡 Modified
Failure of any of our third-party vendors (or their vendors) to perform can result in losses.
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🟡 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.
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🟡 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.
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🟡 Modified
Changes in a number of particular market conditions can affect our earnings negatively.
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🟡 Modified
Damage to our reputation could have a direct and negative effect on our ability to compete, grow and generate revenue.
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🟡 Modified
If we do not manage our liquidity effectively, our business could suffer.
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🟡 Modified
Other Risks
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🟡 Modified
The ultimate impact on us of regulatory divergence between the United Kingdom and the European Union remains uncertain.
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🟡 Modified
Liquidity Risks
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🟡 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.
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🟡 Modified
We may be impacted adversely by supervisory and/or regulatory enforcement matters.
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