If there are no adverse consequences is it really "risk that showed up"?
Risk is the potential for adverse consequences. If the potential is realized, that is "risk that showed up."
I am not a grammarian, so won't try going down the the path of whether or not this is strictly correct word usage. But I think the meaning is clear.
We live a world with knowledge of the future markets has less than one significant figure. And people will still and always demand answers to three significant digits.