Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 167

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 167
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 fail or be circumvented, and our methods of reducing risk exposure may not be effective.

◦Our operations and financial performance could be adversely affected by severe weather and natural disasters exacerbated by climate change.

◦Societal and governmental responses to climate change could adversely affect our business and performance, including indirectly through impacts on our customers.

◦The increased use of remote work infrastructure has expanded potential attack vectors and resulted in increased operational risks.

•Compliance Risk

◦We are subject to extensive government regulation, supervision, and tax legislation.

◦We are subject to complex and evolving laws and regulations regarding privacy and cybersecurity, which could limit our ability to pursue business initiatives, increase the cost of doing business and subject us to compliance risks and potential liability.

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•Strategic Risk

◦We may not realize the expected benefits of our strategic initiatives.

◦We operate in a highly competitive industry.

◦Maintaining or increasing our market share depends upon our ability to adapt our products and services to evolving industry standards and consumer preferences, while maintaining competitive products and services.

◦We may not be able to attract and retain skilled people.

◦Acquisitions or strategic partnerships may disrupt our business and dilute shareholder value.

◦Scotiabank holds a significant equity interest in our business and may exercise influence over us, including through its ability to designate up to two directors to our Board of Directors.

•Reputation Risk

◦Damage to our reputation could significantly impact our business and major stakeholders.

◦Key is subject to corporate responsibility and sustainability efforts risks that could adversely affect our reputation and our business and results of operations.

•Model Risk 

◦We rely on quantitative models to manage certain accounting, risk management, capital planning, and treasury functions.

•Estimates and Assumptions Risk

◦The preparation of our consolidated financial statements requires us to make subjective determinations and use estimates that may vary from actual results and materially impact our financial condition and results of operations.

◦Changes in accounting policies, standards, and interpretations could materially affect how we report our financial condition and results of operations.

◦Impairment of goodwill could require charges to earnings, which could result in a negative impact on our results of operations.

As a financial services organization, we are subject to a number of risks inherent in our transactions and present in the business decisions we make. Described below are the material risks and uncertainties that if realized could have a material and adverse effect on our business, financial condition, results of