The risk arising from negative perception on the part of regulators and other stakeholders that can adversely affect an organization’s ability to maintain existing, or establish new, business relationships and continued access to sources of funding. Some authorities do not consider reputational risk to be a subcomponent of operational risk. Rather, reputational risk is viewed as being the result of operational failures. Adapted in part from: Basel 30.29. 2020. https://www.bis.org/basel_framework/chapter/SRP/30.htm.