Risk management has become increasingly important for companies in all sectors. Many risk management frameworks help firms compete better in the market. One of the most widely used is the Enterprise Risk Management Committee of Sponsoring Organizations (ERM COSO) model, considered a reference...

The growing popularity of fintechs has led the Financial Stability Board (FSB) to publish considerations about the effects of this emerging industry on stability and efficiency in the financial sector. Against this background, this paper compares the effects of competition and collaboration...