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What is the difference between risk control and legal affairs in financial industries such as guarantee and microfinance?
Relatively speaking, legal affairs are higher than risk control. Risk control is responsible for controlling known risks, following rules and taking necessary procedures. When it is impossible to follow the rules under special circumstances, it is necessary to analyze and study the feasibility of the event or clause from the legal point of view, and if feasible, list the detailed rules that need to be improved.