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WHAT IFS (2019) (classroom copy, please do not mark or remove)ELECTION OFFICER TRAINING CLASSES FOR JUNE 2019 PRIMARY ELECTIONWHAT IF REV. 12/18 FairfaxQUICK REFERENCE TO PROBLEMS Problem / Explanation
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Chief what-ifs refers to a regulatory framework or requirement that involves assessing potential risks and outcomes in various scenarios, especially in financial or operational contexts.
Entities that are subject to regulatory scrutiny, including financial institutions and organizations that must disclose potential risk scenarios, are required to file chief what-ifs.
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The purpose of chief what-ifs is to identify and evaluate potential risks, enhance transparency in decision-making processes, and ensure regulatory compliance.
Companies must report information regarding their risk assessments, potential scenarios, mitigation strategies, and any past incidents relevant to the evaluated risks.
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