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Risks
1. Interest Rate Risk: Changes in short and long-term interest rates may adversely affect Westpac's profitability and financial condition.
2. Credit Risk: Poor lending decisions or a rise in default rates could adversely affect Westpac's financial performance.
3. Regulatory Risk: Changes in legislation affecting banks can create additional cost burdens for Westpac, making it less competitive and potentially resulting in losses.
4. Operational Risk: Inefficient operational processes and inadequate controls can expose Westpac to financial loss, reputational damage, and a host of other issues.
5. Cybersecurity Risk: Cyber-attacks can cause data and financial loss or reputational damage if Westpac is unable to keep up with the latest security measures.
6. Reputational Risk: Negative publicity can adversely affect Westpac's relationships with its customers, shareholders, and the public in general.